Clarity Act may fail as Lummis blames Democrats

The Clarity Act has faced a new threat ahead of its Sept. 15 procedural vote, with Republican senators warning that the measure may lack the 60 votes needed to advance. Summary The Senate has scheduled a procedural vote on the Clarity Act for Sept. 15. Republicans need at least seven Democratic or independent votes if all 53 support it. Cynthia Lummis blamed Democratic demands for putting the market structure bill at risk. Ethics rules, stablecoin rewards and DeFi protections remain disputed before the vote. Clarity Act faces a difficult Senate vote Semafor reported on Tuesday that Republican senators expect the Clarity Act to fail when the Senate returns from its five-week recess, citing unresolved disputes over ethics rules and other parts of the bill. Sen. Cynthia Lummis, R-Wyo., responded on X by arguing that Democrats, rather than ethics concerns, would be responsible if the legislation falls short. Lummis has been one of the Senate’s most vocal supporters of federal rules for digital assets. “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 leadersh...