Senator Cynthia Lummis has reiterated the need for bipartisan consensus to move the Clarity Act through Congress. In a post on X on the 25th local time, she stressed that cross-party compromise is essential and highlighted ongoing efforts to safeguard stablecoin reward structures and prevent deposits from fleeing regional banks.
The Clarity Act seeks to clarify the regulatory framework for the virtual asset market, including rules governing the issuance, circulation, and reward structures of stablecoins. Lawmakers argue that clear rules will promote financial stability while preserving innovation and address concerns that rapid stablecoin growth could weaken the traditional banking system.
With the aim of balancing safety and innovation, lawmakers continue to weigh policy design. Lummis warned that the future of American finance is at stake and that waiting until 2030 is not an option.
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