Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act
Authored by Mathew Di Salvo via BitcoinMagazine.com,
Pro-crypto Senator Cynthia Lummis on Wednesday slammed Democrats for holding back the Clarity Act.
Speaking on the Senate floor, Senator Lummis, of Wyoming, spoke of the bipartisan work that had gone into the bill — but questioned why it was stalling.
Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess.
While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version.
“This is a very good bill: good for the country, good for consumers, and good for the people we all represent on both sides of this aisle,” said Senator Lummis.
“And after 11 months of giving nearly everything that was asked of us, I am genuinely struggling to understand what else my colleagues across the aisle think it needs before we act.”
Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.
A number of lawmakers are hoping the bill gets passed before Congress departs for August recess.
Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially due to the banking lobby raising concerns over stablecoin yield.
An updated bill of the Clarity Act was introduced last week that addressed ethics concerns - banning government officials and their families from issuing or promoting crypto.
Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.
Conservative Lummis earned the name “Bitcoin Senator” over the years for her pro-crypto approach on Capitol Hill.
The 71-year-old senator has admitted owning the leading cryptocurrency since 2013 and has been vital in pro-crypto legislation, including by helping draft the Bitcoin Act for a Bitcoin strategic reserve, and co-sponsoring the 2025’s GENIUS Act to regulate stablecoins.
Tyler Durden Thu, 07/30/2026 - 14:05
Continue reading...
[ H/T ZeroHedge ]
Authored by Mathew Di Salvo via BitcoinMagazine.com,
Pro-crypto Senator Cynthia Lummis on Wednesday slammed Democrats for holding back the Clarity Act.
Speaking on the Senate floor, Senator Lummis, of Wyoming, spoke of the bipartisan work that had gone into the bill — but questioned why it was stalling.
Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess.
While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version.
JUST IN:Republican Senator Cynthia Lummis calls out the Democrats for holding up the Clarity Act:
"After nearly 11 months of giving almost everything asked of us, I genuinely don't know what else my Democrat colleagues need before we act."
pic.twitter.com/1SMzfkNVfQ
— Bitcoin Magazine (@BitcoinMagazine) July 29, 2026
“This is a very good bill: good for the country, good for consumers, and good for the people we all represent on both sides of this aisle,” said Senator Lummis.
“And after 11 months of giving nearly everything that was asked of us, I am genuinely struggling to understand what else my colleagues across the aisle think it needs before we act.”
Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.
A number of lawmakers are hoping the bill gets passed before Congress departs for August recess.
Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially due to the banking lobby raising concerns over stablecoin yield.
An updated bill of the Clarity Act was introduced last week that addressed ethics concerns - banning government officials and their families from issuing or promoting crypto.
Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.
Conservative Lummis earned the name “Bitcoin Senator” over the years for her pro-crypto approach on Capitol Hill.
The 71-year-old senator has admitted owning the leading cryptocurrency since 2013 and has been vital in pro-crypto legislation, including by helping draft the Bitcoin Act for a Bitcoin strategic reserve, and co-sponsoring the 2025’s GENIUS Act to regulate stablecoins.
Tyler Durden Thu, 07/30/2026 - 14:05
Continue reading...
[ H/T ZeroHedge ]
