Sen. Lummis sets May 25 deadline in push for CLARITY crypto bill

Sen. Cynthia Lummis said this week that the Senate will mark up the CLARITY Act in May, reviving a crypto market-structure bill after an April target slipped. (cryptobriefing.com) Lummis made the pledge onstage at Bitcoin 2026 in Las Vegas, saying lawmakers would “mark up the Clarity Act in May” and get it “to the finish line.” (cryptobriefing.com) The bill in question is H.R. 3633, the Digital Asset Market Clarity Act of 2025, which passed the House last year and is now sitting in the Senate. Congress.gov lists the measure as the “CLARITY Act of 2025” after House passage. (congress.gov 1) (congress.gov 2) At its core, the bill tries to decide which federal cop oversees which crypto asset. The text sets up a system for the Securities and Exchange Commission and the Commodity Futures Trading Commission to regulate different parts of the market. (congress.gov) That matters because U.S. crypto firms have spent years arguing that overlapping Securities and Exchange Commission and Commodity Futures Trading Commission claims left exchanges, token issuers, and traders guessing which rules applied. Senate Banking Republicans said their own draft was built on the House-passed CLARITY framework. (banking.senate.gov) The House vote was not narrow. The House Financial Services Committee said the CLARITY Act passed 294-134, a bipartisan margin supporters have used to argue the Senate should move this year. (financialservices.house.gov) The Senate has not simply copied the House bill. In July 2025, Banking Committee Chairman Tim Scott, Lummis, Bill Hagerty, and Bernie Moreno released a discussion draft covering the committee’s side of digital-asset market structure and said it built on the House measure. (banking.senate.gov) Senate Banking Republicans also released a January 2026 fact sheet arguing the bill pairs “innovation” with investor protection and law-enforcement tools. That shows where the Senate case for the bill is likely to focus when markup begins. (banking.senate.gov) The May timeline is a political marker, not final passage. A markup is the committee stage where senators amend bill text before deciding whether to send it to the full Senate. (congress.gov) (cryptobriefing.com) If Lummis gets that committee action, crypto legislation stays alive in a Congress that has already advanced a stablecoin bill and a House market-structure bill. If not, the Senate would still be without a finished counterpart to the House’s 294-134 vote. (lummis.senate.gov) (financialservices.house.gov)