Translation result.
Analysts warn the U.S. cryptocurrency industry could again be trapped in a regulatory void. Sen. Cynthia Lummis said that if Congress fails to pass the CLARITY Act during this session, the legislation could be delayed until 2030.
On the 13th, Cointelegraph reported that Lummis called the current Congress the industry’s best opportunity. The House approved the bill 294-134, reflecting bipartisan support, and the Senate Banking Committee recently advanced an amendment on a 15-9 vote. The remaining step is passage on the floors of both chambers.
Time Is Tight Ahead of the Midterms
Lummis has urged action because of the 2026 midterm elections. If Congress does not act before the session ends, lawmakers will have to restart the legislative process in the next Congress, since bills do not automatically carry over.
She warned developers and firms would lack clear legal protections and that regulators and law enforcement would struggle to deploy modern tools to detect fraud and market manipulation in digital-asset markets. She also noted that if Republicans lose seats in the midterms, the bill could fall lower on the next Congress’s legislative agenda.
SEC Commissioner Stays Optimistic
Meanwhile, SEC Commissioner Paul Atkins remains optimistic. In an interview with Fox Business, he said he expects Congress to eventually pass the CLARITY Act and for President Trump to sign it. Atkins argued the bill would clarify regulatory standards for digital assets and help keep innovation and investment in the U.S.
Markets are watching the bill’s odds. Prediction-market platform Polymarket assigns a 58.5% probability that the CLARITY Act becomes law in 2026. Given the won-to-dollar exchange rate of roughly 1,507 KRW per $1 (approximately 1,507 KRW = $1.13), the direction of U.S. regulation could noticeably affect domestic investor sentiment.
Ultimately, speed matters. Whether lawmakers pass the bill during this session will shape not only the U.S. crypto industry’s regulatory environment but also future policy trends across global markets.
🔎 Market Takeaways
The CLARITY Act would establish a foundational legal framework for U.S. crypto regulation; its passage could materially alter the industry’s trajectory.
Although the bill has cleared the House and a Senate committee and secured some bipartisan support, the 2026 midterms make timing critical.
If passage stalls, a prolonged regulatory gap could weaken the U.S. market’s competitiveness.
💡 Strategy Points
In the near term, the bill’s timetable and political events (the midterms) will be key drivers of market volatility.
Regulatory clarity could attract more projects and capital to the U.S.; delays could accelerate migration to overseas jurisdictions (Europe, Asia).
Polymarket’s probability is a reference point and should not substitute for independent policy analysis.
📘 Glossary
CLARITY Act: U.S. legislation intended to clarify whether certain digital assets qualify as securities or commodities and to set regulatory standards.
Midterm elections: U.S. elections that can change Congress’s balance of power and influence legislative priorities.
Regulatory void: A state of legal uncertainty in which industry participants face unclear rules and heightened risk.
💡 Frequently Asked Questions (FAQ)
Q. Why does the CLARITY Act matter to the crypto market?
Q. Why could it be delayed until 2030 if it doesn’t pass now?
Q. How would the bill’s fate affect investors?
TP AI Note This article summary used a TokenPost.ai language model. The summary may omit key details or differ from the original facts.
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