Key highlights:
- The CLARITY Act hearing is scheduled on July 17, 2026.
- Senator Cynthia Lummis is urging Congress to advance the bill.
- The bill is expected to bring much-needed clarity to the US crypto market.
The has been a key voice to support the CLARITY Act. She has been urging lawmakers to pass the crypto bill while the bill was facing delays. Recently, Lummis reiterated her stance, stating that the years of uncertainty in the crypto industry could come to an end with the passage of the market structure bill. She noted that developers and crypto firms have been facing difficulty over the years due to the lack of clarity. In an X post, she wrote:
“We have driven too many talented developers offshore due to legal uncertainty. They want to build here. Let them. Pass the Clarity Act.”
In her recent remarks, Lummis also added that software developers should not need “an army of lawyers” to understand whether their code complies with US law. She believes that the CLARITY Act could bring a solution to this problem. This is achieved through setting clear standards for crypto classification and regulation. She noted, “Software developers should not need an army of lawyers to know if their code is legal. The Clarity Act ends that absurdity.”
Source:: CLARITY Act Advances as Congress Sets July 17 Hearing