Cynthia Lummis says Bitcoin could erase the US national debt
Lummis's Bitcoin proposal could redefine fiscal policy, positioning the US as a crypto leader but risks market volatility and policy shifts.
CryptoBriefing•Editorial Team24 JunCynthia Lummis — page 3
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page 3 of 3CryptoBriefing•Editorial Team24 Jun
Cynthia Lummis opens final review window for CLARITY Act text
Months of negotiations have brought the CLARITY Act to its final review stage, with Senator Cynthia Lummis confirming a July 4 release of the updated text ahead of a Senate push later in July. According to Lummis, who spoke with…
Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill
Senator Cynthia Lummis announced Wednesday that the Digital Asset Market Clarity Act will reach the Senate floor in July, the first public floor-date commitment from the bill's lead sponsor. Lummis made the statement on Fox Business and challenged JPMorgan CEO Jamie Dimon to review the bill over
The Defiant•The Defiant Team24 Jun
Trump White House Negotiating CLARITY Act Ethics Deal With Senate Democrats
A Trump White House official is negotiating an ethics compromise on the CLARITY Act with Senate Democrats, the last major sticking point before a floor vote, as Senator Cynthia Lummis says the US is finally close to getting digital asset legislation right.
The Defiant•The Defiant Team23 Jun
CLARITY Act Heads Into Decisive July as House Schedules Back-to-Back Crypto Hearings
The Digital Asset Market Clarity (CLARITY) Act is heading into a pivotal stretch, with the House scheduling two July hearings tied to Federal Reserve policy and digital-asset innovation. Senator Cynthia Lummis is pressing for a Senate floor vote before the August recess. A Packed July Calendar The legislative fight over U.S. crypto market-structure rules now […]
Bitcoin.com News•Shiraz Jagati23 Jun
1,200 Tech Companies Tell Senate to Pass CLARITY Act as Lummis Calls Code-as-Crime Risk an 'Absurdity'
The Consumer Technology Association, representing more than 1,200 firms including Amazon, Apple and Google, urged the Senate to pass the CLARITY Act without delay. Senator Cynthia Lummis followed with an on-record statement that the bill ends the 'absurdity' of developers needing lawyers to know
The Defiant•The Defiant Team22 Jun
Why Lummis Says the CLARITY Act Will End the ‘Absurdity’ Facing US Software Developers
U.S. Senator Cynthia Lummis is urging colleagues to pass the Digital Asset Market Clarity Act, arguing the bill would free software developers from the threat of prosecution for simply publishing code. Developers in the Crosshairs Lummis made her case via a statement shared on June 22, singling out the legal exposure faced by the people […]
Bitcoin.com News•Shiraz Jagati22 Jun
Cynthia Lummis calls CLARITY Act a commitment, not a concession
The CLARITY Act's passage could redefine U.S. crypto regulation, impacting global competitiveness and investor risk strategies significantly.
CryptoBriefing•Editorial Team19 Jun
Bipartisan Senators Push Back on Bankman-Fried Pardon Bid With Resolution
Senators Cynthia Lummis and Ruben Gallego introduced a bipartisan resolution opposing any presidential pardon for Sam Bankman-Fried, the convicted FTX founder now seeking a pardon from prison. It cannot block a pardon but signals strong Senate opposition as his petition sits pending at the Justice Department. Sam Bankman-Fried Pardon Bid Draws Bipartisan Opposition Bankman-Fried co-founded
BeInCrypto•Kamina Bashir18 Jun
CLARITY Act to set aside $150M for crypto fraud investigations
The Digital Asset Market Clarity Act has secured a $150 million allocation for law enforcement efforts targeting cryptocurrency scams and other digital asset crimes, according to U.S. Senator Cynthia Lummis. In a post published on X on June 16, the…
Bitmine buys $294m more Ethereum ahead of Clarity Act ‘markup in May’
Bitmine continues to amass the largest Ethereum war chest as US lawmakers debate crypto’s future. On Monday, the crypto treasury firm bought up another $294 million worth of Ether in its largest haul since December. It now holds roughly $12 billion worth of the second-largest cryptoasset, alongside significant equity stakes in ventures including Beast Industries and Eightco. Bitmine Chair Tom Lee said Ethereum is benefiting from “dual tailwinds”: Wall Street tokenising assets and artificial intelligence. Bitmine is one of the few public equities offering exposure to OpenAI via Eightco. Bitmine’s latest haul comes as Senator Cynthia Lummis said at the Bitcoin 2026 conference on Monday that the Senate will mark up the long-awaited Clarity Act in May — a pivotal step toward establishing a federal framework for digital assets. Lummis is one of the most prominent voices on Capitol Hill backing the crypto industry and an early Bitcoin buyer. Ethereum is up 14% over the past month, though still down 54% from its August peak of $4,950. Spot exchange-traded funds tracking the token have drawn $489 million in April, snapping a five month losing streak, DefiLlama data shows . “In our view, there is a lot of meaning to Ethereum being the best 'war-time store of value' and to Ether being the asset leading since the [Iran] war started," said Lee. Though its share price is down over 60% since August, Bitmine enjoys backing from ARK's Cathie Wood, Founders Fund, Pantera, Kraken, Galaxy Digital and Bill Miller. Clarity Act The Clarity Act is facing delays in Washington as lawmakers struggle to agree on key parts of the bill. The bill, which has been stuck in Senate procedural limbo after clearing the House back in July 2025, would establish a federal market structure framework for digital assets. Lawmakers have been haggling over friction points including stablecoin yield rules and regulatory jurisdiction. The Senate Banking Committee failed to schedule an April markup of the Clarity Act, pushing debate into May as sticking points remain. Last week, Galaxy Digital’s head of research warned in a note shared with DL News that if the Senate does not move forward with the Clarity Act by mid-May, the chances of it passing in 2026 will drop quickly. He estimates the odds are already around 50% or lower. Lummis pledged swift movement in Washington, saying the Senate will take up the Clarity Act in May and push through digital asset legislation. “Bitcoin comes with a culture that could’ve written the US Declaration of Independence that we celebrate today,” she said. Crypto market movers Bitcoin is down 1.1% over the past 24 hours at $76,822. Ethereum is down 1.6% over the past few hours at $2,283. What we’re reading Justin Sun announces $20m boost for Aave as he calls on lender to expand to his blockchain — DL News Banks are fighting a ‘sideshow’ as Clarity Act stalls. Will it matter? — DL News US Military Is Running a Live Bitcoin Node for Cybersecurity Research, Indo-Pacific Commander Tells Congress — Unchained S&P 7,100, Oil drought, and a $3T bond bet — Milk Road Bitcoin traders eye $90,000 price after Kevin Warsh’s confirmation chances skyrocket. Here’s why — DL News Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com