Clarity Act News Today: Senator Lummis Confirms Markup in May, Calls Bitcoin ‘Freedom Money'

Sen. Cynthia Lummis told a Bitcoin conference the Clarity Act will be marked up in May, putting it on track for a Senate floor vote in June — a timeline Galaxy Digital’s Mike Novogratz has said could allow the bill to be signed into law before summer. Lummis framed the legislation as critical market structure that would enable innovation and clarify regulatory treatment (rejecting an IRS attempt to label developers/miners as brokers). The move reduces regulatory uncertainty around Bitcoin, a likely positive catalyst for institutional adoption and capital inflows, and reinforces pro-Bitcoin messaging from influential lawmakers. Market participants should watch the May markup and June floor schedule as potential catalysts for renewed bullish sentiment and increased allocation to BTC.