Lummis urges Senate to pass CLARITY Act as Thune weighs pre-recess cloture vote

Senator Cynthia Lummis urged the Senate to pass the Digital Asset Market CLARITY Act, saying it would protect consumers, help law enforcement combat illicit finance and give the digital asset industry regulatory certainty. In an X post, she thanked Senator Darline Graham for backing the measure and said it was time to send a bill to President Trump. Graham separately argued that Congress should deliver rules that protect consumers, support enforcement and let the industry keep innovating in the United States. The CLARITY Act, also known as the Digital Asset Market Clarity Act, would set a federal framework for digital assets by defining the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission, establishing registration rules for intermediaries such as exchanges, brokers and dealers, and adding provisions on anti-money-laundering compliance, non-custodial developer protections and ethics. An updated version of the bill, combining work from the Senate Banking and Agriculture Committees, was released in late July 2026. Senate Majority Leader John Thune faces a tight calendar before the August recess and has said he intends to keep the chamber in session to finish unfinished business, including government funding, Russia sanctions, nominations, a possible college sports bill and a cloture vote on the crypto measure. Negotiations are still focused on ethics rules, Blockchain Regulatory Certainty Act language and portions of the Senate Agriculture Committee text, leaving the bill’s path uncertain even as supporters push for a floor vote.