Crypto market structure bill almost passed: Senator Lummis

The Crypto Market Structure Bill, or CLARITY Act, is close to passage, Senator Lummis said, as others predict a huge catalyst for crypto markets.

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

She pointed out that the industry has come a long way in the past five years, highlighting the collapse of the FTX, the Federal Reserve hating crypto, market volatility and the veto of SAB121 – guidelines for accounting for digital assets protected by entities.

Senator Tim Scott reports this said On Tuesday, the crypto market structure proposal is expected to be discussed soon in the Senate. Jan. 15 is the date the U.S. Senate will tighten the law, and the process involves aligning drafts in the Senate Banking and Agriculture committees and putting the final bill to a vote.

It’s been five long years…

Unhosted wallets
FTX
The Fed hates crypto
Market volatility
Vetoed SAB121

We’ve come this far and we’re close to bipartisan legislation that will stand the test of time.

— Senator Cynthia Lummis (@SenLummis) January 7, 2026

Finally some clarity for Crypto

Scott explicitly said he is “optimistic” the bill will pass the committee and Senate and be signed by President Trump.

“This is the clearest signal yet that the US is moving from enforcement to structure” commented ‘BMNR Bullz’.

The draft will serve several purposes, including establishing a framework for digital commodities under the Commodity Futures Trading Commission (CFTC) and treating crypto assets such as Bitcoin and Ether as commodities by default.

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

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However, analysts warn that the final passage could take much longer. TD Cowen suggested this week that the legislation may not be passed until 2027, with implementation possibly delayed until 2029 due to political obstacles.

Democrats will likely have little incentive to fast-track the bill, especially given the potential changes in control of the House of Representatives after the 2026 midterm elections. White House crypto czar David Sacks said in December that “we are closer than ever” to passing the bill.

What the prediction platforms say

Blockchain gambling platform Kalshi has the chances of legislation that becomes law before April, 20%, 47% by May and 74% by the end of this year.

“I am cautiously optimistic,” says Bitwise CIO Matt Hougan, who adds: “Without legislation, current pro-crypto regulations at the SEC, CFTC and other agencies could be rolled back under a new administration.”