Lummis says CLARITY Act text will be released over July 4th
The senator said negotiations on the crypto market structure bill have been intensive and that lawmakers plan to move on it in July.
Fact Check
The Sahm Capital/Benzinga article from June 24, 2026 directly reports that on Fox Business' Mornings with Maria, Lummis stated a draft text of the Senate's CLARITY Act will be released over the July 4th recess, with movement expected in July, and that negotiators continue working on contested provisions—matching the claim's points about July 4th text release, intensive negotiations, and July action. Multiple independent X posts dated the same day corroborate the same statement. The Senate Banking Committee's official record confirms Lummis' central role in this legislation. The claim accurately reflects Lummis' public statements.
Summary
Sen. Cynthia Lummis said negotiations on the CLARITY Act, a crypto market structure bill, have been intense and that a new text will be released over the July 4th period for what she described as one last thorough public review. She added that lawmakers then plan to move on the bill in July, signaling a potentially important next step for legislation that would shape how digital assets are overseen in the United States.
Terms & Concepts
- CLARITY Act: Proposed U.S. crypto market structure bill
- market structure: Rules governing how asset markets operate