Lummis rallies for CLARITY Act vote as Senate recess clock hits snooze 🗳️
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Lummis rallies for CLARITY Act vote as Senate recess clock hits snooze 🗳️

Senator Cynthia Lummis said on Wednesday she anticipates the Senate will vote on the Digital Asset Market Clarity (CLARITY) Act before the chamber breaks for its month-long August recess, with the window to move the crypto market structure bill narrowing to a few business days. "It's just time to get people on the record," the Wyoming lawmaker wrote on X. The bill, which passed the House of Representatives in July 2025 by a 294-to-134 vote, would need 60 votes in the Senate to invoke cloture and end a filibuster, allowing it to advance in Congress.

As of Wednesday, Senate Democrats' calendar showed no vote scheduled for CLARITY, but Senate Majority Leader John Thune is reportedly still planning to bring the legislation to the floor before Saturday. After Friday, the Senate will be on recess until mid-September, pushing consideration of the bill into the lead-up to the 2026 midterm elections.

The legislation has divided members of Congress and industry leaders over provisions on ethics, stablecoins and tokenized equities. Many Democrats have withheld support in search of stronger ethics provisions tied to US President Donald Trump's digital asset investments, after Trump disclosed he earned more than $1.4 billion from investments tied to digital assets in 2025.

The bill also faces resistance from at least one Republican. Senator Josh Hawley will reportedly withhold his vote in favor of the bill until it addresses concerns from banks, according to a recent Politico report. Though lawmakers reached a compromise with banking groups on stablecoin yield, some industry leaders continue to push for provisions requiring crypto companies to carry comparable licensing and restrictions as banks.

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Publishercryptonewsroom.xyz
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CategoryRegulation

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