Lummis Urges Senate to Vote on Clarity Act Before Recess
Key Takeaways
- •Lummis said she believes the Senate will vote on the Clarity Act before the August recess and may stay in session through the weekend to do so.
- •The bill has been stalled for much of 2026 amid disagreements involving Democrats and concerns from the banking lobby over stablecoin yield.
- •An updated July draft would bar government officials and their families from issuing or promoting crypto to address ethics concerns.
- •Major firms including Fidelity and BlackRock, along with law enforcement groups, have backed the revised bill.
- •If passed, the Clarity Act would create a regulatory framework for the U.S. cryptocurrency market.
Senator Cynthia Lummis, a pro-bitcoin Republican, said bipartisan negotiations are continuing on the crypto Clarity Act but warned that some lawmakers are making unreasonable demands.
Speaking to Fox Business on Wednesday, Lummis said she had been working with Democratic lawmakers late into the night to try to move the bill forward. She said some Democrats were still dragging their feet as lawmakers sought a vote on the crypto market structure bill before the Senate goes into recess, underscoring how the legislation remains tied up even after months of negotiation.
JUST IN: Senator Cynthia Lummis says "I believe we will get a vote on the Clarity Act before August recess." "I don't think we'll be leaving on Friday, I think we'll go into the weekend." Pass it! pic.twitter.com/1AZR7DzEln — Bitcoin Magazine (@BitcoinMagazine) August 5, 2026
JUST IN: Senator Cynthia Lummis says "I believe we will get a vote on the Clarity Act before August recess." "I don't think we'll be leaving on Friday, I think we'll go into the weekend." Pass it! pic.twitter.com/1AZR7DzEln
“The president agreed to an ethics provision that no president has ever agreed to,” Lummis said. “He’s gone farther to protect ethics than any president in history — yet the Democrats do want more. Their proposal is in front of the president now, and we’ll see what he does.”
She added: “We’re going to vote on it. If it dies, it’s going to be because the Democrats kill it. I’ve bent over backwards for 11 months, to give them as much as we can possibly give them to regulate this industry.”
The Clarity Act has been deadlocked for much of 2026, in part because the banking lobby raised concerns about crypto companies allowing clients to earn stablecoin yield. That dispute shows how the bill sits at the center of a broader debate in Washington over how to define market structure rules for digital assets and where to draw the line between crypto activity and traditional financial oversight.
An updated version of the Clarity Act was introduced in July to address ethics concerns. The revised bill would ban government officials and their families from issuing or promoting crypto.
Democrats have criticized President Trump’s family crypto business ventures. The White House has said there have been no conflicts of interest.
A group of Democrats said in July that the bill still needs work.
Major financial institutions including Fidelity and BlackRock, along with law enforcement organizations, have supported the updated bill.
If passed, the Clarity Act would create a regulatory framework for the U.S. cryptocurrency market, making the Senate vote a key test of whether bipartisan agreement can hold long enough to advance a market structure measure before the recess.
This post ‘If Clarity Dies, Democrats Killed It’: Lummis Urges Senate to Act on Crypto Bill Before Recess first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.