'It's Now or Never' for Clarity Act, Says 'Bitcoin Senator' Lummis
Sen. Cynthia Lummis says Democrats have already won major concessions on the Clarity Act, including more than 120 negotiated changes and a new ethics framework covering top federal officials, so they should support the bill rather than keep delaying it. She warned that if the Senate fails to pass cloture, the legislation may be finished for 2026. The Clarity Act is the main crypto market-structure bill, assigning oversight between the SEC and CFTC and giving digital assets a clearer regulatory path. The House passed its version in 2025, and the Senate Banking Committee advanced it in 2026 with only two Democratic votes. Tuesday’s vote is only to end debate, and Republicans need about seven Democrats to reach the 60-vote threshold. Some Democrats, led by Sen. Elizabeth Warren, still argue the ethics and consumer-protection provisions are inadequate. Markets are pricing in uncertainty, with crypto prices and sentiment weakening ahead of the vote.
