US Senator Lummis: Crypto market structure bill will be law by 2026

Wyoming Senator Cynthia Lummis, a key Republican pushing for crypto market structure laws, just dropped a bombshell: a bill is hitting Trump's desk by year-end, maybe even before Thanksgiving. She's not playing around—this is the real deal for crypto clarity.

At the Wyoming Blockchain Symposium in Jackson Hole, Lummis laid out the GOP's game plan: Senate Banking Committee approval by September, then the Agriculture Committee in October. Both are tackling how the SEC and CFTC handle digital assets—because, let's be real, the regulatory chaos has been a mess.

"We will have market structure to the president’s desk before the end of the year," Lummis declared. "I hope it’s before Thanksgiving." Talk about a tight deadline—crypto bros, get ready for some action.

This Senate push follows the House's July move, where the Digital Asset Market Clarity (CLARITY) Act passed with bipartisan support—78 Dems voted yes. Lummis and crew are tweaking it with their Responsible Financial Innovation Act, aiming to build on CLARITY without messing up that House momentum.

"We want to honor as much of the House’s work as we can on CLARITY because they had a robust bipartisan vote," Lummis said. "So we’re going to use the CLARITY Act as the base bill... CLARITY will probably end up being what passes, but CLARITY as tweaked by the Senate." Basically, it's a collaborative upgrade.

Echoing her, Senate Banking Chair Tim Scott hinted at 12-18 Dems being open to voting for market structure. That's some serious cross-aisle potential—maybe crypto's finally getting its act together in D.C.

Beyond market structure, the House passed two other bills in July's "crypto week": the GENIUS Act for stablecoins (already law after Trump signed it) and the Anti-CBDC Surveillance State Act, which got barely any Dem support.

Republicans are prioritizing market structure first, pushing any CBDC regulation to 2026. So, if you're worried about a digital dollar spying on you, it might have to wait.