Senator Lummis says Clarity Act fight is far from over after vote delay
Lummis said she remains committed to the CLARITY Act after the Senate delayed a vote until September, arguing the bill is needed to establish clear U.S. rules, protect consumers and support enforcement.
Senator Cynthia Lummis said efforts to pass the CLARITY Act will continue after the Senate delayed a vote on the bill until September, casting the setback as a reason to press on rather than retreat. In an August 7 post on X, Lummis said she was frustrated after a long and difficult effort to advance the measure, but insisted that "now is not the time to give up." She said the digital-asset industry deserves to be able to grow in the United States under clear rules, that consumers should be protected from fraud and have confidence to participate in the digital economy, and that law enforcement should have the tools needed to hold bad actors accountable. Lummis called the CLARITY Act the only path to achieving those goals and said she would keep working with colleagues because "this fight is far from over."
- CLARITY Act: A proposed U.S. bill focused on setting rules for the digital-asset industry.
- digital economy: Economic activity conducted through digital technologies, including participation in online financial systems.
- law enforcement: Authorities responsible for investigating misconduct and pursuing accountability for wrongdoing.