Senator Cynthia Lummis from Wyoming expressed confidence that the U.S. Congress will pass two crypto-related bills by the end of this calendar year.
Lummis' Legislative Initiatives
At the Bitcoin Policy Summit in Washington, D.C., held on Wednesday, Lummis discussed the progress of the two bills: the CLARITY Act regarding clarity in the digital asset market and the GENIUS Act related to stablecoins.
Bipartisan Support and Challenges
Lummis stated she would be "extremely disappointed" if the bills did not pass through Congress by 2026. She noted the challenges of gaining bipartisan support due to concerns that some individuals with family members in the administration might benefit from the legislation.
Expected Timelines for Approval
Lummis indicated her intention for both bills to be ready by 2026, suggesting a later timeline than some other Congressional members anticipated. President Donald Trump also stated he would be willing to sign the stablecoin bill if it were to pass quickly.
In conclusion, the discussion of crypto bills is ongoing, and Senator Lummis remains hopeful for their successful passage in the coming months.
