Senator Cynthia Lummis says Democrats are delaying the Clarity Act after 11 months

The Republican senator said negotiations have stretched for nearly 11 months and questioned what more Democratic colleagues want before the bill advances.

Summary

Senator Cynthia Lummis said Democrats are holding up the Clarity Act, sharpening a partisan dispute over crypto legislation in the United States. In a quoted statement, the Republican senator said that after nearly 11 months of giving "almost everything asked of us," she does not know what else her Democratic colleagues need before lawmakers act. The remarks point to continued delays around the bill, which is being watched by the digital-asset industry for potential clarity on how crypto markets are regulated.

Terms & Concepts
  • Clarity Act: A proposed U.S. bill focused on clearer crypto market rules.