Lummis urges CLARITY Act passage ahead of Senate vote

Senator Cynthia Lummis is pressing her colleagues to pass the CLARITY Act ahead of a key Senate procedural vote, warning that if the market-structure bill fails, "Democrats own what comes next — consumers with zero federal protection, no disclosure rules, no delisting requirements for bad actors." She argues Democrats 'wrote the fix' and that it 'must pass,' framing the choice as between American innovation and ceding the future of finance to China.

The bill, which would establish a federal framework for digital assets, faces a shortened September legislative calendar and uncertainty over whether it can reach the 60 votes needed to advance. SEC Chair Paul Atkins previously expected a vote as soon as September 15, and Treasury Secretary Scott Bessent has added administration pressure behind it.