Lummis: Clarity Act Negotiations Continue Daily Amid Ongoing Senate Deliberations

Senator Cynthia Lummis says negotiations on the CLARITY Act are ongoing daily. Despite nearly 11 months of discussions, Senate leaders still plan to consider the crypto market structure bill before August recess.

Lummis said lawmakers continue to negotiate the CFTC portion of the bill, along with law enforcement measures and ethics provisions. These areas remain the primary subjects of discussion between Republicans and Democrats.

Senate Majority Leader John Thune has reserved time for the bill on the Senate agenda for several weeks. Lummis believes he intends to move forward with the legislation despite ongoing negotiations.

Lummis also urged lawmakers to support the legislation, stating that it 'protects consumers, arms law enforcement, keeps this industry in America,' and includes a 'historic ethics agreement covering the President, VP, Congress & federal judiciary.'