Sen. Cynthia Lummis Urges Passage of Crypto Market Structure Bill and GENIUS Act

Senator Cynthia Lummis (R-WY) has called on U.S. lawmakers to advance both the GENIUS Act and comprehensive crypto market structure legislation this year. Speaking on CNBC's Squawk Box, Lummis emphasized the urgency of regulatory clarity for the digital asset space.

The GENIUS Act, which cleared the Senate with bipartisan support earlier this month, represents a landmark step in stablecoin regulation. Its passage through the House of Representatives would mark a significant victory for crypto proponents in an election year.

Market structure legislation remains equally critical, according to Lummis. The Wyoming senator stopped short of advocating for combining the bills but insisted both must pass independently to provide a coherent framework for digital assets.

White House enthusiasm for stablecoin regulation suggests potential for rare bipartisan cooperation on crypto policy. The coming months will test whether Congress can translate this momentum into tangible legislation.