Senator Lummis Issues Urgent Call for CLARITY Act

• Sen. Cynthia Lummis urges swift CLARITY Act passage under pro-crypto US  administration.
• Brian Armstrong supports passing the CLARITY Act and highlights bipartisan efforts behind the bill.
• Dan Gambardello says the CLARITY Act is likely to pass, boosting institutions, banks, and liquidity.

Senator Cynthia Lummis has spent years pushing for clear crypto regulation in the United States. This week, she made her most direct public call yet, and for the first time, the people around her are all saying the same thing simultaneously. Lummis said, 

She followed it with a second message that left no room for interpretation, urging lawmakers to pass the CLARITY Act and emphasizing the need to establish the right regulatory framework for digital assets to support America’s future.

Lummis has been one of the bill’s most consistent champions through years of delays, stalled negotiations, and partisan disagreements. Her urgency this week hints at something different from previous calls. The political window she has been waiting for appears to finally be open, and she knows windows close.

Coinbase Joins the Chorus

Brian Armstrong added that they agree it is time to pass the CLARITY Act, while expressing appreciation for the bipartisan efforts by Senators and staff over the past several months in shaping the bill into a strong proposal.

He also addressed the ongoing debate around stablecoin yields, one of the bill’s primary sticking points. Banks have spent months arguing that allowing crypto stablecoin rewards would damage their deposit base and draw money away from traditional accounts. That argument has now been undercut by the White House’s own economists, who published findings this week suggesting the impact on banks would be minimal.

From Coinbase’s perspective, the main obstacle to compromise has just been removed by the administration itself.

Beyond Washington and the boardroom, the mood among crypto analysts also shifted this week. Analyst Dan Gambardello said the bill’s passage now feels inevitable. “The CLARITY Act is totally about to pass. You can just feel the winds of change,” he wrote. 

With Clarity, he said that institutional investors and asset managers get clear rules. Banks get safe entry into crypto custody. Exchanges face reduced enforcement risk and higher trading liquidity. Hedge funds get compliant access to crypto. 

For the unversed, the CLARITY Act would divide crypto oversight between the CFTC for digital commodities and the SEC for securities-like activities, ending years of regulatory ambiguity that has pushed crypto development toward Abu Dhabi, Singapore, and other jurisdictions with clearer rules.

Related: CLARITY Act Gains Backing From Crypto’s Biggest Voices