Senator Cynthia Lummis of Wyoming expects Congress to pass two major crypto-related bills—one focused on market structure and the other on stablecoins—“before the end of this calendar year,” though she noted she would be “extremely disappointed” if they aren’t passed by 2026.

Speaking at the Bitcoin Policy Summit in Washington, D.C., she addressed the progress of the CLARITY Act in the House and the GENIUS Act in the Senate. Lummis, who chairs the Senate Banking Committee’s digital asset subcommittee, acknowledged the difficulty of achieving bipartisan support due to “concern that certain people that have family members in the administration are going to be advantaged in some way by what we’re doing.”

She added, “I don’t want to come up with a piece of legislation that the other side of the aisle feels they haven’t had adequate input in.”

Although 18 Democrats joined Republicans in supporting the GENIUS Act when it passed with 68 “yea” votes on June 17, others have indicated they won’t back any crypto legislation until questions about former President Donald Trump’s involvement are addressed.

Trump has launched his own memecoins, holds a stake in World Liberty Financial—a crypto business backed by his family—and has received political donations from executives in the digital asset industry.

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, suggested in May that the GENIUS Act could be finalized before Congress breaks for recess in August.

Trump himself stated on June 18 that he would sign the bill if it reached his desk “with no add-ons.” With a narrow Republican majority in the House, both pieces of legislation will likely require some level of Democratic support to pass.

Sources:

https://www.youtube.com/watch?v=nog5yD9fVhE

https://www.binance.com/en/square/post/06-25-2025-crypto-news-us-senator-cynthia-lummis-sets-2026-deadline-for-clarity-and-genius-crypto-bills-26108260286857