The Digital Asset Market Clarity (CLARITY) Act is heading into a pivotal stretch, with the House scheduling two July hearings tied to Federal Reserve policy and digital-asset innovation. Senator Cynthia Lummis is pressing for a Senate floor vote before the August recess.
A Packed July CalendarThe back-to-back hearings give the bill’s supporters a high-profile venue to make their case at a moment when momentum has been building but a final vote remains elusive. The July 17 session, held outside Washington, is designed to spotlight the industry’s economic stakes and the cost of continued regulatory uncertainty.
‘We Are Not Doing That With Digital Assets’Lummis has sharpened her rhetoric as the calendar tightens and in one of her bluntest verbal offerings, she rejected the idea that the United States should let others govern technology Americans helped pioneer, stating:
“The U.S. did not invent the internet and then hand it to someone else to govern. We are not doing that with digital assets either.”
The next verified step is the July round of hearings, beginning with Warsh’s July 14 testimony and continuing with the July 17 session on digital-asset innovation. Those hearings will set the tone heading into any floor vote, and lawmakers will face questions about both monetary policy and the long-delayed effort to write rules for digital assets.
