Lummis Pushes for CLARITY Vote as Deadline Looms in US Senate
US lawmakers face a tight deadline to pass the Digital Asset Market Clarity (CLARITY) Act before the Senate goes on recess in August. Senator Cynthia Lummis, a key proponent of the bill, expects a vote soon. 'It's just time to get people on the record,' she said.
The CLARITY Act has been met with opposition from Democrats seeking stronger ethics provisions regarding US President Donald Trump's investments. In 2025, he disclosed earning more than $1.4 billion from digital assets.
The bill needs 60 votes to pass in the Senate and face resistance from at least one Republican, Senator Josh Hawley, who will withhold support until concerns about bank crypto restrictions are addressed.