Lummis Blasts Democrats Ahead of Clarity Act Vote — But Says Bill Can Still Pass
Key Takeaways
- •The U.S. Senate is set to hold a procedural cloture vote on the Clarity Act next week, after the bill's anticipated August vote was delayed by Congress's five-week recess.
- •Senator Cynthia Lummis said any failure of the bill would stem from Democrats declining to back it, and warned that a failed vote next week would leave no realistic chance of passage before the end of the decade.
- •The Clarity Act would formally divide digital asset oversight by classifying tokens as securities, commodities, or stablecoins, determining whether the SEC or CFTC regulates them.
- •Although the bill passed the House of Representatives last July, it stalled this year largely due to a clash between the banking lobby and crypto companies over paying customers stablecoin yield.
- •A revised draft circulated in July banned government officials from promoting or profiting from crypto, but a group of Democrats said the bill still fell short and called for amendments.

Republican Senator Cynthia Lummis of Wyoming has once again slammed Democrats over the long-awaited crypto market structure bill known as the Clarity Act — while insisting the legislation can still get passed.
Writing on X on Tuesday, the pro-crypto lawmaker responded to a Semafor report stating that Republican senators believe the bill is likely to fail when the Senate returns to session next week.
Lawmakers had hoped a crucial vote on the bill would go ahead in August, before Congress's five-week recess. It was delayed, however, and the Senate will now take up the measure when it returns next week.
JUST IN: U.S. Senate will hold a procedural cloture vote on the Clarity Act one week from today. Senator Cynthia Lummis says if they fail to pass it next week, "we will not get another realistic shot at this before the end of the decade" Pass it pic.twitter.com/BIejUDw0Tu
— Bitcoin Magazine (@BitcoinMagazine) September 8, 2026
A cloture vote is a procedural step that ends debate and allows legislation to advance toward a final vote on the Senate floor.
"If this bill fails it won't be because of ethics, it will be because Democrats didn't join Republicans in embracing a bipartisan bill that protected consumers, cements America's leadership in digital assets, and empowered law enforcement to clamp down on illicit finance," Lummis wrote.
She accused Democrats of continuing to "demand changes" that could allow future regulators to "kill the crypto industry."
"If we can bridge those gaps I'm confident we can pass Clarity, but they require further compromise from Democrats, not the White House," she added.
Lummis has previously said that if the Clarity Act dies, it will be because of Democrats. She and other pro-crypto lawmakers have repeatedly blasted politicians whom they believe are deliberately holding back the legislation.
The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities, or stablecoins. Under current U.S. law, securities fall under the Securities and Exchange Commission while commodities are overseen by the Commodity Futures Trading Commission, so how a token is classified determines which set of rules governs it.
Though the bill passed the House of Representatives last July, it has been stalled this year, largely because the banking lobby clashed with crypto companies over the question of paying customers stablecoin yield.
A new draft tackling ethics issues began circulating in July, banning government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing. Despite those changes, a group of Democrats said the bill fell short and called for amendments.
President Donald Trump has urged lawmakers to get the legislation over the line. In August, he said that in order for the U.S. to remain the "undisputed leader in Bitcoin and crypto," they had to pass the "very, very powerful legislation." Attention now turns to next week's cloture vote, which will show whether Democrats are prepared to offer the further compromise Lummis says the bill requires.
This article first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.