Lummis Blames Democrats for Threat to Clarity Act

The Clarity Act is facing an uncertain future in the Senate, with Republican senators warning that it may lack the necessary votes to advance.

The bill, which aims to clarify the regulatory framework for digital assets, has been stalled due to disagreements over ethics rules and other provisions.

Senate Majority Leader Cynthia Lummis (R-Wyo.) blamed Democratic negotiators for putting the market structure bill at risk, accusing them of seeking provisions that could harm the crypto industry in the long run.

Lummis argued that if the bill fails to pass, it would be due to Democrats' refusal to compromise on key issues rather than ethics concerns.