Crypto Market Structure Bill Nearing Passage: Senator Lummis

Sen. Lummis said the Cryptocurrency Market Structure Act (CLARITY Act) is close to passing, with some predicting it will be a major catalyst for the crypto market.

“We’ve come this far, and we’re close to passing bipartisan legislation that will stand the test of time,” Wyoming Sen. Cynthia Lummis said Wednesday.

He noted that the industry has come a long way over the past five years, highlighting things like the FTX collapse, the Federal Reserve’s dislike of cryptocurrencies, market volatility, and the SAB 121 veto.

Sen. Tim Scott reportedly said Tuesday that the proposed cryptocurrency market structure is expected to advance to the Senate soon. Jan. 15 is the day the U.S. Senate plans to raise the bill, a process that will involve refining the draft in the Senate Banking and Agriculture committees and bringing the final bill to a vote.

It’s been a long 5 years…

unhosted wallet
FTX
The Fed hates cryptocurrencies
market volatility
Veto power of SAB121

We have come this far and are close to passing bipartisan legislation that will stand the test of time.

— Sen. Cynthia Lummis (@SenLummis) January 7, 2026

Finally, a clear explanation about cryptocurrencies

Scott declared he was “optimistic” the bill would pass the committee and the Senate and be signed by President Trump.

“This is the clearest sign yet that the US is moving from enforcement to structuring,” commented BMNR Bullz.

The draft bill would serve several purposes, including establishing a framework for digital products under the Commodity Futures Trading Commission (CFTC) and treating cryptoassets like Bitcoin and Ether as commodities by default.

It also narrows the scope of the Securities and Exchange Commission (SEC) to the actual regulation of securities. The legislation also introduces developer protections for non-custodial infrastructure and improves retail market oversight and global regulatory alignment.

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But analysts have warned that final passage could take longer. Cowen TD suggested this week that the bill may not become law until 2027 and that political obstacles could delay implementation until 2029.

Democrats would have little incentive to rush through the bill, especially given the possibility that the House majority could change after the 2026 midterm elections. White House crypto czar David Sachs said in December that the bill is “closer than ever” to passage.

What predictive platforms say

Blockchain gambling platform Kalsi puts the bill’s chances of becoming law at 20% by April, 47% by May and 74% by the end of the year.

“I’m cautiously optimistic,” Bitwise CIO Matt Hogan said, adding that “absent legislation, the current trend toward crypto regulation at the SEC, CFTC, and other agencies could be reversed under a new administration.”