Republican Sen. Cynthia Lummis credited U.S. President Donald Trump with agreeing to what she called “the toughest ethics restrictions” in order to advance the Clarity Act, with lawmakers scheduled to vote on the legislation Tuesday.

The vote comes as lawmakers weigh the bill’s digital-asset oversight provisions alongside ethics and enforcement changes added to the latest draft.

Lummis, a pro-crypto senator, wrote on X Monday that Trump had accepted tighter rules allowing state attorneys general to sue to enforce conflict-of-interest requirements for federal officials.

The Clarity Act would formally divide regulatory oversight of digital assets, distinguishing which assets are securities, commodities or stablecoins. Crypto industry executives have long called for those definitions and a clearer allocation of authority among regulators.

JUST IN: Senator Lummis on the Clarity Act: "President Trump had already agreed to the toughest ethics restrictions on federal officials in American history to get this bill done."

"Time for Democrats to take yes for an answer."

https://x.com/BitcoinMagazine/status/2099533649729204606?ref_src=twsrc%5Etfw

“Back in July, Trump voluntarily put himself, the VP, every federally elected official, judges, and their spouses under the strictest ethics rules this country has ever seen. Most people in Washington never would’ve offered that. Democrats still wanted independent, outside enforcement, not DOJ alone — so Trump went back to the table and gave more,” Lummis said.

She added: “A no vote tomorrow kills the toughest ethics reform this country has ever put on the books, kills consumer protections for every American holding digital assets, and hands the future of this industry to our foreign competitors.”

Lummis released a new draft of the Clarity Act on Sunday night with Republican Sens. John Boozman and Tim Scott. The draft gives attorneys general new enforcement powers. An updated version that would prohibit government officials from promoting or profiting from crypto began circulating in July, but Democrats sought additional changes.

Trump campaigned on supporting the crypto industry, but some Washington lawmakers have criticized the Trump family’s profits from digital-asset ventures, including the president’s $TRUMP memecoin and the World Liberty Financial project. Trump and the White House have consistently denied conflicts of interest.

In an August interview with Punchbowl News about the Clarity Act and ethics, Trump said Democrats had also made money through stock trading.

The House of Representatives passed the Clarity Act last year, but the bill has stalled in 2026. The delay has largely stemmed from a dispute between the banking lobby and crypto companies over whether customers should receive stablecoin yield. Republicans, including Lummis, have accused Democrats of deliberately holding up the legislation.

Source: Bitcoin Magazine.