CLARITY Act Delay Could Push Crypto Law to 2030

Senator Cynthia Lummis has warned that a failure to pass the CLARITY Act in the current Congress could delay significant market structure legislation for the cryptocurrency industry until 2030. The bill, which aims to establish clear criteria for distinguishing digital assets as securities or commodities and define regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), faces a procedural vote in the Senate on September 15, 2026. However, final passage before the November midterm elections is considered unlikely due to unresolved issues, including ethics provisions demanded by Democrats and contested language regarding law enforcement and market integrity. The CLARITY Act passed the House of Representatives in July 2025 and has been pending in the Senate for over a year. Senator Lummis stated on September 6, 2026, that if the bill does not advance during this congressional session, the next realistic opportunity to address crypto market structure legislation would not arise until 2030. She emphasized that delaying passage risks squandering years of potential job creation, investment, and tax revenue.