Senator Cynthia Lummis Will Not Relent Until The Clarity Act is Passed...

Senator @SenLummis is not backing down. The Wyoming Republican has reaffirmed her commitment to passing the Digital Asset Market Clarity Act, warning that every day without a federal framework pushes more crypto companies out of the United States and into the hands of foreign competitors.

Offshore Migration Is the Pressure Point

Lummis has been direct about the stakes. In her own words: "Every single day, digital asset companies are moving offshore because Congress hasn't done its job. My bill, the Clarity Act, fixes that. I will continue to fight to ensure America leads the way in digital asset regulation."

The concern is not hypothetical. Treasury Secretary Scott Bessent has framed the issue as a national security matter, warning that without US regulatory certainty, blockchain developers and crypto companies continue to migrate to Singapore and Abu Dhabi.

The bill targets assets including $BTC and $ETH, seeking to end years of legal ambiguity over whether digital assets are securities or commodities. At its core, the legislation would draw a regulatory boundary between the Securities and Exchange Commission and the Commodity Futures Trading Commission, settling years of jurisdictional litigation over whether digital assets are securities or commodities. Under the bill, the CFTC would receive exclusive jurisdiction over spot and cash markets for digital commodities, while the SEC retains authority over investment contract assets.

A Critical Legislative Window

The bill cleared a significant hurdle earlier this month. Senator Lummis celebrated the bipartisan passage of the Digital Asset Market Structure Clarity Act of 2025 out of the Senate Banking Committee by a 15 to 9 vote. Lummis said the passage "sends an unmistakable signal that the United States is not ceding the future of digital finance to anyone."

But the path to a full Senate vote remains narrow. Committee Chairman Tim Scott had originally targeted September 2025 for a Senate floor vote, and Senators Lummis and Bernie Moreno have both warned that failure to advance the bill before the Memorial Day recess could push the next viable legislative window to 2030 or beyond.

Lummis has called the bill the "hardest piece of legislation" she has ever worked on, adding that it is crucial for America's crypto leadership. Opposition remains, with some Democratic senators pushing for stronger ethics provisions and consumer protections before they will commit their votes. During committee proceedings, both Republicans and Democrats committed to continuing work through areas of disagreement, including how best to catch bad actors using digital assets and how to handle ethics questions around elected officials profiting from crypto.

For Lummis, though, the cost of further delay is clear. Without a framework, she argues, American innovation does not pause. It simply relocates.

Sources:
Senator Lummis official press release: Committee passage of the Digital Asset Market Structure Clarity Act
Bitcoin Magazine: Senate schedules CLARITY Act markup
CNBC: Clarity Act clears Senate committee hurdle