Lummis Pushes for Bipartisan Vote on CLARITY Act

Senator Cynthia Lummis is pushing Senate Democrats to allow a vote on the bipartisan CLARITY Act, which she claims will provide essential consumer safeguards for the American digital asset industry.

The bill aims to establish a distinct regulatory classification for digital assets and clarify whether certain cryptocurrencies should be treated as securities or commodities.

Lummis believes the legislation balances consumer protection with the need to prevent the offshore migration of blockchain startups, and she is leveraging bipartisan support to force a recorded vote.