Bitcoin News
By Sakamoto Nashi
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Senator Thune Reserves a Spot, But Nothing is Guaranteed. Senate Majority Leader John Thune placed the bill on the agenda before Congress's August recess.
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An Anti-Conflict of Interest Amendment to Try to Break the Deadlock. To try to win votes, a provision was recently added to the text.
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Cynthia Lummis is angry. The Republican senator from Wyoming openly expressed her criticisms on Thursday during the "Crypto in America" podcast, pointing fingers at the Democrats…
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The bill is dragging. And Lummis is not happy about it. Eleven months of intensive work, dozens of meetings, endless negotiation sessions — yet the vote remains in limbo.
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A group of Democrats recently stated publicly that the current text does not meet their expectations.
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And that's where Lummis loses patience. She talks about "endless discussions" and "last-minute changes" that could have been avoided.
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To try to win votes, a provision was recently added to the text. It prohibits government officials and their families from promoting or issuing cryptocurrencies.
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See also: Lummis Criticizes Democrats for Blocking the Clarity Act Before Congress Recess
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The bill has the support of major financial institutions and industry companies. These actors want a stable regulatory framework — they need it to plan, invest, and grow.
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The Crypto Clarity Act has already cleared a significant hurdle: the House of Representatives adopted it last year with broad bipartisan support.
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Lummis knows the issue inside out. Nicknamed the "Bitcoin Senator" for years, she co-drafted the law for a strategic Bitcoin reserve and co-sponsored the 2025 GENIUS Act on…
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But the clock is ticking. The August recess is approaching fast. If the vote doesn't happen before then, the bill will likely return to several more months of additional…
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The House and Senate are not exactly on the same page either. Some senators want their own amendments rather than adopting the House version as is.
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Related topic: Visa Bets on OpenUSD and Tokenized Deposits to Boost Its Stablecoin Strategy
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If the text passes one day, it would create a regulatory framework for the U.S. crypto market — something that doesn't really exist today in a unified form.
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