Emre Yumlu 
Wyoming Senator Cynthia Lummis has announced that she expects two major crypto-related bills — covering digital assets and stablecoin regulation — to pass through Congress and reach the President’s desk by the end of 2026.
Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis highlighted the progress of two separate pieces of legislation: the Digital Asset Market Clarity (CLARITY) Act, currently under discussion in the House of Representatives, and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, being debated in the Senate.
Lummis: “It would be disappointing if we miss the 2026 goal”
As the chair of the Senate Banking Committee’s digital assets subcommittee, Lummis acknowledged the difficulties of securing bipartisan support for crypto regulation. She noted that concerns over potential conflicts of interest — particularly involving individuals with ties to the administration — have slowed momentum.
“I don’t want to present legislation that the other side feels excluded from,” Lummis said, emphasizing a collaborative approach.
GENIUS Act draws limited Democratic support
While some Democratic lawmakers have voted alongside Republicans in favor of bills like the GENIUS Act — with 18 Democrats among 68 ‘yes’ votes on June 17 — others have expressed skepticism due to former President Donald Trump’s involvement in the crypto space.
Trump has released his own line of memecoins, holds equity in a family-backed crypto firm called World Liberty Financial, and has received campaign donations from crypto executives, raising ethical concerns among some legislators.
Crypto legislation faces uphill battle in Congress
Lummis’ 2026 projection contrasts with the more optimistic timeline shared by Bo Hines, director of the President’s Council of Advisers on Digital Assets, who previously said the GENIUS Act could pass before the August recess.
Trump also weighed in on June 18, stating that he would sign the bill into law without amendments, provided the House moves swiftly.
However, with a narrow Republican majority in the House, both the market structure and stablecoin bills would likely require at least partial Democratic support to advance — a factor that could delay progress on U.S. crypto policy.
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