Crypto▲ Bullish
Lummis: I Put Trump Ties 'on the Line' for Crypto Ethics Provisions
Lummis pressed Democrats to pass the Clarity Act, detailing 11 months of concessions. Polymarket odds dropped to 28% after the Senate delayed the bill.
Continue with
Sen. Cynthia Lummis (R-Wyo.) took the Senate floor Wednesday to press Democrats on the Clarity Act, saying Republicans had met nearly every demand from 11 months of negotiations. She posted a video of the speech on X, itemizing the concessions.
The bill's core definitions were tightened at Democrats' request, she said. Title I, which sets SEC and CFTC jurisdiction, went through 33 separate Democrat-driven edits. Democrats also asked for three new titles and 23 additional sections focused on curbing illicit finance and sanctions evasion – a reference to gaps that allowed North Korea's Lazarus Group to steal crypto, Lummis noted.
"After nearly 11 months of giving almost everything asked of us, I genuinely don't know what else my Democrat colleagues need before we act," she said.
The biggest Republican concession, Lummis argued, was on ethics. The updated draft prohibits federal officials, including the president and vice president, from issuing or sponsoring digital assets for profit while in office. She said President Donald Trump accepted the strongest ethics provisions in U.S. history.