Senator Cynthia Lummis said negotiations with Democrats on the CLARITY Act are continuing daily, as Senate leaders still plan to bring the crypto market structure bill to the floor before the August recess. The update from the Wyoming Republican comes with just weeks left before lawmakers leave Washington for the summer break.
Daily talks, no deal yet
Lummis stated that discussions with Democratic colleagues are happening every day. She did not provide a timeline for when a final agreement might be reached, but stressed that the talks remain active. The CLARITY Act is the crypto market structure bill that Senate leaders have prioritized for consideration before the recess. The bill would set rules for digital asset markets, a long-sought goal for the crypto industry.
Recess deadline
Senate leaders have indicated they want to vote on the bill before the August recess, which is expected to begin at the end of this month. That leaves a narrow window for negotiators to resolve outstanding differences. Lummis did not specify which issues remain sticking points, but the daily pace suggests both sides are working to close the gap.
Lummis's role in crypto legislation
Lummis, a Republican from Wyoming, has been a key figure in pushing for federal crypto regulation. Her update on the CLARITY Act talks is the clearest signal yet that the legislation is still alive, even as the calendar tightens. The outcome of the negotiations could determine whether the bill moves forward this session or gets pushed to the fall.
What comes next
If the bill clears the Senate, it would move to the House. For now, all eyes are on the Senate floor schedule. Lummis's comments indicate that while no deal is final, the talks are far from stalled. The next few weeks will be critical for the bill's fate.
