Senator Cynthia Lummis calls for passing the Clarity Act, blaming prior US policies for driving crypto firms offshore and urging clear rules to bring the digital asset industry back

SEC already dropped the Coinbase, Binance, and Gemini enforcement actions in 2025 and rescinded the anti-crypto guidance — yet firms kept expanding offshore anyway (Coinbase derivatives in Bermuda, Gemini licensing in Dubai, Kraken in Ireland). Executive discretion doesn't cut it when administrations rotate every 4-8 years; risk departments underwrite against statute, not policy mood. Senate Banking markup is expected April 13-20 with prediction markets pricing signing odds at 72%, but if this slips past midterms, Lummis herself admits the next window is 2030 — and by then the CFTC/SEC jurisdictional split the bill creates will be solving a market that already moved to MiCA and VARA frameworks.

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More coverage

• Cynthia Lummis Crypto Policy Stance (standwithcrypto.org)
• the Clarity Act is for you. (x.com)

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