Lummis Sets July 4 Fireworks: CLARITY Act Text Drops, Senate Vote Sizzles Next 🇺🇸

U.S. Senator Cynthia Lummis said the final text of the CLARITY Act will be released over the July 4 recess, with a Senate floor vote on the digital asset market structure bill expected to follow later in July. Speaking on Fox Business with Maria Bartiromo, Lummis described months of negotiations, stating, "We've been negotiating on the CLARITY Act hardcore since last Labor Day," and calling the process "an arduous process" that consumed "thousands of hours."

The forthcoming text, according to Lummis, addresses concerns raised during negotiations over the GENIUS Act as well as objections from the banking industry, with lawmakers preparing to give the public "one last really thorough look at the bill" before moving to a floor vote in July. Lummis framed the bill as a long-sought framework to define how digital assets are regulated and traded in the United States, though specific jurisdictional divisions between the Securities and Exchange Commission and the Commodity Futures Trading Commission were not detailed in her remarks.

Lummis also used the appearance to criticize JPMorgan CEO Jamie Dimon for his opposition to the CLARITY Act, contrasting his stance with bipartisan momentum behind the legislation. She did not name any other executives or institutions taking issue with the draft, and no date beyond the July 4 text release was confirmed for the Senate vote itself.

The bill's progression will be tracked alongside related digital asset measures including the GENIUS Act, with attention focused on whether the published text resolves outstanding questions from banking groups and market participants cited by Lummis. Coverage of the CLARITY Act remains limited to confirmed statements and procedural milestones reported as of June 24, 2026.