US senator sets 2026 goals for two crypto bills

Wyoming Senator Cynthia Lummis said she hopes Congress will pass two pieces of crypto law related to stablecoins and market structure “before the end of this year’s calendar.”

Speaking at Bitcoin Policy Summit in Washington, DC, on Wednesday, Lummis discussed The development of the clarity of the digital asset market, or the hygiene law, the House of Representative and the guidance and establishment of national innovation for the US Stablecoins, or the Genius Act, in the Senate.

Lummis said he was “very disappointed” if the two bills did not pass Congress in 2026.

Lummis seated the Senate Banking Committee’s Digital Asset Subcomm Committee, which held a hearing On Tuesday discussed the law of the crypto market structure. Wyoming Senator recognizes the challenges of getting bipartisan support for any crypto-related fees due to “concern that some people with family members in the administration will be gaining in some way through what we do.”

“I don’t want to have a piece of law that the rest of the hallway felt they didn’t have enough input,” Lummis said at a hearing on Tuesday.

While some Democrats cooperated with Republicans like Lummis who voted for crypto bills, including the Genius Act – 18 Democrats form 68 “Yes” vote for the law on June 17 – others they suggested they will not support any law Without first responding to President Donald Trump’s involvement in the crypto space and the possible implications for personal gain.

The President released his own line of Memecoins, has a stake in his family supported by the Crypto World Liberty Financial, and has received political donations from executives of digital asset companies.

Related: As the Stablecoin Bill goes home, the Senate changes market structure

Battle to pass crypto bills to home

Lummis’ purpose was to prepare the same bills by 2026 later proposed than what Bo Hines, the Executive Director of the President’s Council of Advisers said in Digital Assets, in May.