According to Cointelegraph, Senator Cynthia Lummis said Senate committees will merge CLARITY Act versions and add ethics provisions before a targeted summer floor vote, while cautioning that substantial legislative work remains.
Senator Cynthia Lummis said the CLARITY Act has cleared committee but still faces significant work before any final approval. According to Cointelegraph on May 20, the next step is for Senate committees to merge their separate versions of the bill and add ethics provisions before it moves to a Senate floor vote targeted for the summer. Lummis said lawmakers are not celebrating yet and noted that while she would like to see the bill reach the floor in June, that timeline is probably optimistic. The remarks indicate continued progress on U.S. crypto market structure legislation, while underscoring that the measure remains subject to further drafting, negotiation, and debate.