The Senate had a chance to give crypto a rulebook on September 15, 2026. It voted no, 49 to 50. The Digital Asset Market Clarity Act, better known as the CLARITY Act (H.R. 3633), needed 60 votes to clear a cloture vote and move forward. It fell well short. Senator Cynthia Lummis, one of the bill’s lead champions, is not taking the loss quietly. A one-vote margin that wasn’t really close On paper, 49 to 50 looks like a coin flip. In practice, the bill was 11 votes away from the threshold it actually needed. Every Democrat voted against advancing the bill. Four Republicans crossed over and joined them. Lummis responded by blaming Senate Democrats directly. She accused them of putting their opposition to President Trump ahead of consumer rights. In her telling, the vote didn’t just stall a bill. It stalled protections for ordinary people using digital assets and weakened US leadership in those markets. What the bill was supposed to do The legislation was led by Lummis alongside Senators John Boozman and Tim Scott. Its core purpose was to build a comprehensive regulatory framework for digital assets. The biggest piece was jurisdiction. For years, the SEC and the CFTC have both claimed ...
Cynthia Lummis slams Senate Democrats after CLARITY Act fails 49-50
1 month ago
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