Senate Banking Committee Schedules Vote on Crypto Market Structure Bill

Senator Cynthia Lummis said the United States will lead the way on crypto innovation. She urged passage of the Clarity Act out of the Banking Committee on Thursday, according to statements reported Thursday.

Lummis signaled renewed support for the legislation by adopting laser eyes imagery on social media, a symbol associated with Bitcoin advocates. The move came as the committee prepares to take formal action on the long-discussed regulatory package. Senator Tim Scott posted on X urging lawmakers to position the country as a global leader in the sector.

"Let’s make America the crypto capital of the world," Scott wrote. The bill seeks to provide regulatory clarity for digital assets, an issue that has drawn sustained attention from lawmakers as the industry has grown. Passage out of committee would represent an initial step toward full Senate consideration.

Both senators have previously expressed support for measures that would reduce uncertainty around crypto trading, custody and innovation. Their latest statements align with ongoing efforts to advance the legislation before the end of the current congressional session.

The scheduled vote reflects continued momentum on Capitol Hill for crypto-related policy following years of debate over how federal agencies should oversee the sector.

No final passage date for the full chamber has been set.

“Let's pass the Clarity Act out of the Banking Committee on Thursday!”

Industry participants have watched the committee's calendar closely, with the Thursday vote potentially setting the stage for broader floor action later this year.