Speaking during an interview at President Donald Trump’s Mar-a-Lago property in Florida, Moreno expressed optimism about the timeline. His remarks triggered a sharp reaction on the crypto prediction platform Polymarket, where the probability of the bill passing in 2026 briefly climbed to 90% before easing back to 72%.

Clarity Act: Industry, Lawmakers, and a “Path Forward”

Coinbase CEO Brian Armstrong also participated in the discussion, noting that representatives from the crypto industry, banking sector, and members of Congress had gathered at the World Liberty Financial (WLF) crypto forum to work toward a resolution on market structure.

Armstrong acknowledged that earlier drafts of the CLARITY Act contained provisions that raised concerns within the industry. Specifically, language that would prohibit interest-bearing stablecoins and designate the US Securities and Exchange Commission (SEC) as the primary regulator led Coinbase to withdraw its support in January. The decision reportedly disappointed White House officials, who characterized the move as unexpected.

However, Armstrong now believes progress has been made. He suggested that a compromise could deliver what he described as a “win-win-win” outcome—benefiting the crypto industry, traditional banks, and American consumers alike. A key sticking point has been stablecoin rewards, an issue Moreno described as having delayed progress but one he argued should not derail the broader legislation.

Political Landscape and Legislative Outlook

Addressing concerns about potential political shifts, Moreno dismissed the possibility that a Democratic takeover of Congress in the midterm elections would jeopardize the bill’s prospects. He expressed confidence that control of both the House and Senate would remain unchanged.

Meanwhile, White House crypto and AI advisor David Sacks had previously voiced strong confidence that comprehensive crypto market structure legislation aligned with President Trump’s agenda could pass early this year.

If the CLARITY Act advances on the timeline suggested, it would mark a significant milestone for the US digital asset industry, potentially reshaping the regulatory framework and reinforcing America’s ambition to become a global leader in crypto innovation.

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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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