Pro-bitcoin Senator Cynthia Lummis has said that bipartisan work is going into the crypto Clarity Act but warned that some lawmakers are still making unreasonable demands. JUST IN: 🇺🇸 Senator Cynthia Lummis says “I believe we will get a vote on the Clarity Act before August recess.” The Clarity Act has been in a deadlock for much of 2026, partially because the banking lobby raised concerns over crypto companies allowing clients to earn stablecoin yield. An updated bill of the Clarity Act was introduced in July addressing concerns around ethics; it now bans government officials and their families from issuing or promoting crypto. Major financial institutions like Fidelity and BlackRock, and law enforcement organizations have thrown their weight behind the new bill,If passed, the Clarity Act would create a regulatory framework for the U.S. cryptocurrency market.