{"id":45087,"date":"2025-06-26T14:30:04","date_gmt":"2025-06-26T11:30:04","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=45087"},"modified":"2025-06-26T13:25:01","modified_gmt":"2025-06-26T10:25:01","slug":"us-senator-lummis-sets-date-for-crypto-bill-approval","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-senator-lummis-sets-date-for-crypto-bill-approval\/","title":{"rendered":"US Senator Lummis Sets Date for Crypto Bill Approval!"},"content":{"rendered":"<p data-start=\"66\" data-end=\"296\">Wyoming Senator <strong data-start=\"82\" data-end=\"100\">Cynthia <a href=\"https:\/\/coinengineer.net\/blog\/lummis-aims-to-wipe-out-36-trillion-us-debt-with-bitcoin-act\/\">Lummis<\/a><\/strong> has announced that she expects two major crypto-related bills \u2014 covering digital assets and <strong data-start=\"193\" data-end=\"218\">stablecoin regulation<\/strong> \u2014 to pass through Congress and reach the President\u2019s desk by the end of 2026.<\/p>\n<p data-start=\"298\" data-end=\"662\">Speaking at the <strong data-start=\"314\" data-end=\"339\">Bitcoin Policy Summit<\/strong> in Washington, D.C., Lummis highlighted the progress of two separate pieces of legislation: the Digital Asset Market Clarity <strong data-start=\"436\" data-end=\"482\">(CLARITY) Act<\/strong>, currently under discussion in the House of Representatives, and the Guiding and Establishing National Innovation for US Stablecoins <strong data-start=\"552\" data-end=\"632\">(GENIUS) Act<\/strong>, being debated in the Senate.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/us-senator-lummis-sets-date-for-crypto-bill-approval\/#Lummis_%E2%80%9CIt_would_be_disappointing_if_we_miss_the_2026_goal%E2%80%9D\" title=\"Lummis: \u201cIt would be disappointing if we miss the 2026 goal\u201d\">Lummis: \u201cIt would be disappointing if we miss the 2026 goal\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/us-senator-lummis-sets-date-for-crypto-bill-approval\/#GENIUS_Act_draws_limited_Democratic_support\" title=\"GENIUS Act draws limited Democratic support\">GENIUS Act draws limited Democratic support<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/us-senator-lummis-sets-date-for-crypto-bill-approval\/#Crypto_legislation_faces_uphill_battle_in_Congress\" title=\"Crypto legislation faces uphill battle in Congress\">Crypto legislation faces uphill battle in Congress<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"664\" data-end=\"728\"><span class=\"ez-toc-section\" id=\"Lummis_%E2%80%9CIt_would_be_disappointing_if_we_miss_the_2026_goal%E2%80%9D\"><\/span>Lummis: \u201cIt would be disappointing if we miss the 2026 goal\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"730\" data-end=\"1050\">As the chair of the Senate Banking Committee\u2019s digital assets subcommittee, Lummis acknowledged the difficulties of securing bipartisan support for crypto regulation. She noted that concerns over potential conflicts of interest \u2014 particularly involving individuals with ties to the administration \u2014 have slowed momentum.<\/p>\n<p data-start=\"1052\" data-end=\"1181\">\u201cI don\u2019t want to present legislation that the other side feels excluded from,\u201d Lummis said, emphasizing a collaborative approach.<\/p>\n<h3 data-start=\"1183\" data-end=\"1230\"><span class=\"ez-toc-section\" id=\"GENIUS_Act_draws_limited_Democratic_support\"><\/span>GENIUS Act draws limited Democratic support<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1232\" data-end=\"1501\">While some Democratic lawmakers have voted alongside Republicans in favor of bills like the GENIUS Act \u2014 with <strong data-start=\"1342\" data-end=\"1379\">18 Democrats among 68 &#8216;yes&#8217; votes<\/strong> on June 17 \u2014 others have expressed skepticism due to <strong data-start=\"1433\" data-end=\"1500\">former President Donald Trump\u2019s involvement in the crypto space<\/strong>.<\/p>\n<p data-start=\"1503\" data-end=\"1741\">Trump has released his own line of <strong data-start=\"1538\" data-end=\"1551\">memecoins<\/strong>, holds equity in a family-backed crypto firm called <strong data-start=\"1604\" data-end=\"1631\">World Liberty Financial<\/strong>, and has received campaign donations from crypto executives, raising ethical concerns among some legislators.<\/p>\n<h3 data-start=\"1743\" data-end=\"1797\"><span class=\"ez-toc-section\" id=\"Crypto_legislation_faces_uphill_battle_in_Congress\"><\/span>Crypto legislation faces uphill battle in Congress<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1799\" data-end=\"2029\">Lummis\u2019 2026 projection contrasts with the more optimistic timeline shared by Bo Hines, director of the President\u2019s Council of Advisers on Digital Assets, who previously said the GENIUS Act could pass <strong data-start=\"2000\" data-end=\"2028\">before the August recess<\/strong>.<\/p>\n<p data-start=\"2031\" data-end=\"2163\">Trump also weighed in on June 18, stating that he would sign the bill into law without amendments, provided the House moves swiftly.<\/p>\n<p data-start=\"2165\" data-end=\"2400\" data-is-last-node=\"\" data-is-only-node=\"\">However, with a <strong data-start=\"2181\" data-end=\"2224\">narrow Republican majority in the House<\/strong>, both the market structure and stablecoin bills would likely require at least partial Democratic support to advance \u2014 a factor that could delay progress on U.S. crypto policy.<\/p>\n<hr \/>\n<p data-start=\"2165\" data-end=\"2400\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can share your opinions in the comments about the topic. Also, follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Twitter<\/strong><\/a>, and\u00a0<strong><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a><\/strong>\u00a0for more content like this.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wyoming Senator Cynthia Lummis has announced that she expects two major crypto-related bills \u2014 covering digital assets and stablecoin regulation \u2014 to pass through Congress and reach the President\u2019s 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<\/p>\n","protected":false},"author":29,"featured_media":37996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[19275,10356,17173,7220,3026,14489,5868,19276,3310],"class_list":["post-45087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-policy-summit","tag-bo-hines","tag-clarity-act","tag-crypto-legislation","tag-cynthia-lummis","tag-genius-act","tag-regulations","tag-senator","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Senator Lummis Sets Date for Crypto Bill Approval! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-senator-lummis-sets-date-for-crypto-bill-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Senator Lummis Sets Date for Crypto Bill Approval! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Wyoming Senator Cynthia Lummis has announced that she expects two major crypto-related bills \u2014 covering digital assets and stablecoin regulation \u2014 to pass through Congress and reach the President\u2019s desk by the end of 2026. 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