Jonathan Jachym, Kraken’s global head of policy and market structure, said the CLARITY Act has a real chance of advancing, with remaining policy questions largely limited to fine-tuning. Senator Cynthia Lummis said the measure could extend Wyoming’s approach to digital-asset regulation nationwide, giving crypto companies clearer federal standards for operating and raising capital. Jachym warned that failure to advance the bill could prolong fallout for U.S. crypto firms for years.