Senator Lummis Says Clarity Act Will Be Passed in April, Could This Be a Turning Point for Crypto?
- Senator Lummis says Clarity Act will be passed in April.
- In particular, she says the bill will be ready for markup by next month.
- This could be a huge turning point for crypto.
The crypto market just experienced another dump as the price of BTC fell back to prices under $70,000, leading analysts to believe that the price of BTC could fall as far as the $66,000 price range next. Amid the bearish reaction, Senator Lummis says Clarity Act will be passed in April, marking a major possible turning point for the crypto market next month. Is a bullish rally on the horizon?
Senator Lummis Says Clarity Act Will Be Passed in April
The GENIUS and CLARITY Acts have been a huge point of bullish discussion for the crypto community since Trump took office. Trump’s candidacy platform was heavily pro-crypto, and the President wasted no time meeting his promises. Immediately after taking office, Trump fired Gensler and appointed a pro-crypto chair. From their he set up a crypto task force to ensure that the USA would become a major crypto hub going forward.
Advised by industry experts like Michael Saylor, Brian Armstrong, and Charles Hoskinson, the US government is closer than ever to making pro-crypto policies a cemented policy for a promising crypto future for all Americans. With just a few steps to go to ensuring freedom of blockchain innovation and a chance at prolonged financial freedom, Senator Cynthia Lummis, another major pro-crypto leader, shares exciting news.
In detail, Senator Lummis shared a major update on the CLARITY Act during the DC Blockchain Summit. As we can see from the post above, Senator Lummis says that the Clarity Act is nearly ready to be passed in April. She also reveals that the bill is now heading for an April markup in the Senate Banking Committee. Specifically, she says, “We’re going to mark it up in April. We’re going to mark it up after the Easter recess.”
Could This Be a Turning Point for Crypto?
Senator Lummis says that the process has been an arduous, patience-building process, but by working with like-minded figures, the Act is finally ready to move past the banking committee and move on to the commodities and ethics portion of the bill. She concludes that once these factors are addressed, the next step is to ensure enough bipartisan support to finally get to the finish line.
Indeed, the passing of the Clarity Act will mark a historical day in crypto history and even support an abundance of innovative growth within the USA, leading to infinite opportunities for blockchain technology improvements and building truly independent financial wealth for all classes of the country, and even the world. The US is showing by example how governments can embrace crypto and blockchain innovation.
