Lummis says Democrats keep demanding more CLARITY Act revisions

Senator Cynthia Lummis, a lead negotiator on the CLARITY Act, says she's run out of gas on new revisions as Democrats continue asking for more changes to the market-structure bill she has worked on for over five years. She remains vocal in urging colleagues to pass the legislation, warning that if it fails, "Democrats own what comes next — consumers with zero federal protection, no disclosure rules."

The bill, which would create a federal framework for digital assets, faces a shortened September legislative calendar and needs 60 votes to advance through a Senate procedural vote. Even after Trump agreed to ethics provisions and a stablecoin circuit-breaker to secure support, the back-and-forth over revisions continues, with state attorneys general and banking groups lodging separate objections in the final stretch.