Senator Cynthia Lummis has cautioned that the Digital Asset Market Clarity Act could face a four-year delay if not passed before the 2026 midterm elections. Lummis, a key advocate for the bill, emphasized its importance in preventing regulatory uncertainty from driving crypto firms overseas. Her warning follows Treasury Secretary Scott Bessent's call for urgent action. The CLARITY Act, which aims to establish clear regulations for digital assets, faces several legislative hurdles, including a Senate Banking Committee markup and reconciliation with House and Senate Agriculture Committee versions. Despite support from the Trump administration, disagreements over ethics provisions remain a sticking point. The Senate Banking Committee plans to begin the markup process in late April, with analysts warning that failure to act soon could stall the bill until 2027.