Crypto▲ Bullish
Cynthia Lummis sets Trump condition for CLARITY Act passage
Lummis hits back at ethics concerns, says CLARITY Act forces Trump to divest crypto or use a blind trust; odds of passage sink to 25%.
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Senator Cynthia Lummis said the CLARITY Act requires President Donald Trump to divest his digital asset holdings or place them in a blind trust, pushing back against Democratic accusations of crypto corruption.
In a July 31 post on X, Lummis responded to a report by congressional reporter Cristiano Lima-Strong that some Democrats were split on whether to negotiate a crypto bill that might not force Trump to fully divest. The bill, which would create clear rules for the cryptocurrency industry, already contains unmatched ethics standards, Lummis wrote. She noted that Trump accepted the Democrats' ethics terms in good faith.