25-7-2025 – Wyoming Senator Cynthia Lummis declared the United States is finally catching up on cryptocurrency policy following what she called a “historic legislative week” that saw major crypto bills advance through Congress.
Speaking on Cointelegraph’s “Decentralize” podcast, Lummis highlighted two critical developments: the GENIUS Act enabling payment stablecoins was signed into law by President Trump, while the CLARITY Act moved forward to Senate consideration. The senator, who has spent four years developing crypto market structure legislation, emphasized the growing bipartisan momentum behind digital asset regulation.
“We had to do some extra listening, changing, amending… but we got a good solid vote,” Lummis said, noting efforts to maintain bipartisan support for her Senate market structure bill. The legislation introduces “ancillary assets” as a framework for distinguishing between securities and commodities in the crypto space.
The developments mark a significant shift for US crypto policy, which has lagged behind international competitors. Recent legislative progress has already triggered market responses, with stablecoin supply surging $4 billion following the regulatory advances.
Lummis also addressed concerns from crypto builders who may have lost faith in US regulatory progress, urging patience as President Trump pushes to make America “the digital asset capital of the world.”
