The US crypto industry could face a four-year backlog if Congress fails to act CLARITY Act this section. Senator Cynthia Lummis warned that if lawmakers lose this opportunity, then the money will not return until 2030. The warning comes as crypto companies, software developers, and investors continue to wait for clear rules for the industry.
Why Is Senator Lummis Warning About Delaying 2030?
According to In the snowThe current Congress may be the crypto industry’s best chance to pass the long-awaited CLARITY Act. The bill already received strong bipartisan support, passing the House in a 294-134 vote.
Recently, the Senate Banking Committee approved an amendment to the bill in a 15-9 bipartisan vote, bringing it one step closer to becoming law.
However, Lummis warns that with the 2026 midterm elections approaching, time to act is very short. Therefore, if the bill fails to pass both houses of Congress before the end of the current term, the legislation will effectively restart, forcing lawmakers to start the process again in the new Congress.
Because of this, Lummis believes that if Congress misses this opportunity, the next good chance to pass the CLARITY Act will not arrive until 2030.
What Happens If the CLARITY Act Doesn’t Pass?
Lummis also warned that delaying action would leave crypto developers without clear legal protections.
At the same time, regulators and law enforcement agencies will lack modern tools to deal with fraud, market manipulation, and emerging risks in digital trading markets.
Political uncertainty is another problem. Some analysts expect Republicans to lose seats in the upcoming congressional hearings, which could make crypto legislation less likely in future congressional sessions.
SEC Chairman Paul Atkins Remains Optimistic
Despite Lummis’ warning, SEC Chairman Paul Atkins remains optimistic. Speaking to Fox Business, Atkins said He believes that Congress will pass the CLARITY Act and that President Trump will sign it into law.
“I am confident that Congress will pass the CLARITY Act and that the President will be able to sign it.”
According to Atkins, the legislation will provide a clear foundation for digital assets while helping to keep crypto and currency innovation within the United States.
Currently, the market forecasting platform Polymarket estimates a 58.5% chance for the CLARITY Act to be signed into law in 2026.
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