Lummis Warns CLARITY Act Delay Could Push Crypto Rules to 2030

Senator Cynthia Lummis warned that if the Senate does not pass the CLARITY Act before the August 7 recess, meaningful digital asset legislation could be delayed until 2030. The bill cleared the House with bipartisan support in 2025. It would classify blockchain-native tokens as commodities under the Commodity Futures Trading Commission, narrowing the Securities and Exchange Commission's jurisdiction over crypto markets.

The legislation sits on the Senate Legislative Calendar. It needs 60 votes to pass the floor. It also must be reconciled with a version from the Senate Agriculture Committee. Lummis, a Wyoming Republican, said the window is narrow. After the recess, the calendar fills with spending bills and appropriations. That pushes crypto legislation into 2026. With midterm elections approaching, the odds of passage drop sharply.

The timeline depends on Senate Majority Leader Chuck Schumer. He controls floor scheduling. He has not signaled when or if he will bring the bill up for a vote. The White House could tip the scales. Treasury Secretary Scott Bessent and White House Crypto Adviser David Sacks have expressed support for clearer crypto rules. President Trump has not taken a public position on this specific bill.

Prediction markets show roughly even odds of passage before the recess, according to data from Vera. Traders said the uncertainty is weighing on sentiment for tokens that would benefit most from a clear CFTC-led regime, such as those already classified as commodities. Bitcoin and ether have not moved sharply on the news. The lack of a floor vote announcement keeps a lid on bullish positioning.