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Key Takeaways
- Senator Cynthia Lummis warned on April 10 that this is the “last chance” to pass the bill before at least 2030.
- CLARITY Act passed the House 294-134 in July 2025, but still faces five steps before becoming law.
- The Senate Banking Committee must complete its markup before end of April 2026, or the bill dies until after the midterms.
- Polymarket currently prices the bill’s passage this year at 63-66%.
Miss that window, and the next realistic opportunity for comparable legislation may not arrive until after the November 2026 midterms. By some estimates, not until 2028.
The Senator Who Built This – and Won’t Be Around Much Longer
No single figure has pushed harder for this legislation than Senator Cynthia Lummis (R-WY), widely known in Washington circles as the “Crypto Queen” of the Senate. On April 10 she warned that the current window is the “last chance” to pass the bill until at least 2030. Her reasoning is not just about legislative calendars...
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