U.S. Senator Lummis says Democrats won't quit asking for more on crypto Clarity Act
One of the top crypto market structure negotiators in Washington says she's run out of gas on new revisions for the bill she's worked on for more than five years.
US Senator Cynthia Lummis has released a revised 635-page proposal for the CLARITY Act, aimed at regulating digital assets. According to CoinDesk, Lummis says she has "run out of gas" on new revisions, having worked on the bill for over five years. The revised proposal includes Trump-backed ethics provisions and changes to rules relating to government officials' involvement with digital assets.
The bill, which has been described as a "final offer", comes ahead of a key procedural vote on Tuesday. Lummis stated that the new bill text reflects a year of bipartisan negotiations and 126 changes made at the request of Democrats. She also noted that US President Donald Trump voluntarily agreed to unprecedented ethics restrictions.
Despite this, Democrats are reportedly not satisfied with the proposal and continue to request further changes. Lummis indicated that she does not expect Democrats to quit asking for more concessions on the crypto clarity bill. The procedural vote will determine whether the Senate can advance the bill toward floor consideration.
Brief written by urgent.news from CoinDesk, Cointelegraph — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- US Republicans send ‘final’ CLARITY Act offer to Democrats cointelegraph.com
