Senator Lummis Negotiates Bipartisan Digital Asset Legislation

Senator Cynthia Lummis announced a bipartisan bill text titled the Digital Asset Market Clarity Act, set for a review to ensure U.S. innovation and consumer protection.

This legislation could impact digital assets, granting CFTC jurisdiction over commodities while maintaining SEC authority over securities.

Senator Lummis Leads Bipartisan Digital Asset Legislation

Senator Cynthia Lummis has spearheaded the current digital asset legislation alongside Senator Tim Scott. This collaborative effort builds on a previous Senate discussion draft released in July 2025. The decision comes amid ongoing debates over digital asset regulation in the U.S., aiming for greater transparency and consumer protection.

The Act proposes to clarify jurisdictional authority over digital commodities and securities, granting the CFTC exclusive jurisdiction over digital commodity spot markets. It is set to preserve SEC’s oversight over investment contracts, ensuring a balanced regulatory environment.

Reactions within the industry have been mixed, with some stakeholders welcoming the move for greater clarity, while others call for further refinement. Senator Lummis has emphasized the importance of maintaining legislative momentum to support U.S. leadership in digital finance.

Bitcoin Price Metrics and Legislative Impact

Did you know? Historically, U.S. legislative advancements such as the 2024 FIT21 Act have defined market and regulatory scopes, echoing today’s efforts to shape digital asset governance.

According to CoinMarketCap, Bitcoin (BTC) is currently priced at $91,556.91, with a market cap of 1.83 trillion, as of 05:12 UTC on January 13, 2026. The cryptocurrency has experienced a recent price decrease of 0.58% over 24 hours and 18.61% over 90 days. Bitcoin’s circulating supply stands at 19,975,187, approaching its max supply of 21 million.

Expert insights from the Coincu research team suggest that the new legislation could strengthen the U.S. crypto market by easing legal uncertainties for investors and developers. Long-term effects may include increased global competitiveness and a surge of institutional interest in digital assets.