Senators Bernie Moreno and Cynthia Lummis have joined a bill aimed at loosening Visa and Mastercard’s grip on card payment routing, forcing big banks to support an extra network. Supporters say it could cut fees; critics warn it may hit card rewards.
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Senate Banking Chair Tim Scott is backing the push to pass the CLARITY Act, a crypto market structure bill meant to finally settle the SEC vs. CFTC turf war. The stakes are high for Bitcoin, XRP, exchanges, and builders—and so is the risk of Congress botching it.
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Senator Cynthia Lummis is backing the CLARITY Act as a way to bring long-overdue order to U.S. crypto regulation, define SEC and CFTC boundaries, and keep digital asset innovation from fleeing overseas. The fight is about real rules, not hype.
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Sen. Cynthia Lummis is throwing her weight behind the CLARITY Act, a crypto market-structure bill aimed at giving U.S. firms the regulatory certainty Washington has long failed to deliver. Supporters see competitiveness; critics warn “clarity” could still mean loopholes.
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Lummis is pushing back hard after Warren blasted the CLARITY Act as a loophole machine for illicit crypto finance. The bill’s fate is still murky, with Senate math, enforcement fears, and a July vote window all hanging in the balance.
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Senator Cynthia Lummis says the CLARITY Act’s final draft is expected around July 4, as the Senate inches closer to turning its crypto market structure fight into actual legislative text. Banks are already circling, warning about rewards and yield loopholes.
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A bipartisan group of U.S. senators is pressing the Treasury Department to spell out how states can qualify for stablecoin oversight under the GENIUS Act. Cynthia Lummis leads bipartisan push for clearer Treasury guidance States say the rules are too vague to prove they’re “substantially similar” Certification process, timelines, and procedures are still missing Federal […]
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Bitcoin, U.S. Debt, and the CLARITY Act’s Next Big Test in the Senate Senator Cynthia Lummis is tying Bitcoin to America’s $39.2 trillion debt problem, arguing that scarce money is a rational response to a system that keeps diluting purchasing power. At the same time, the CLARITY Act is edging closer to a Senate floor […]
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Senator Cynthia Lummis is pushing hard for the Digital Asset Market Clarity Act, and she’s not pretending the stakes are small. Her warning is simple: Congress may have a short window to pass meaningful U.S. crypto market structure legislation before the political winds shift and the whole thing gets shoved into a legislative freezer until […]
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Senate Republicans are pushing U.S. banking regulators to stop treating digital assets like untouchable radioactive sludge and write capital rules that actually reflect how crypto works. Six GOP senators want clearer bank capital rules for digital assets Basel crypto standards are being blasted as absurdly punitive Tokenized securities are being used as the fairness benchmark […]
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