The CLARITY Act failed a Senate procedural vote after every Senate Democrat opposed the motion to proceed, ending its immediate path forward. Sen. Cynthia Lummis (R-Wyo.) attributed the breakdown to partisan opposition surrounding President Donald Trump, arguing that political divisions outweighed the legislation’s policy merits after more than a year of bipartisan negotiations. The bill incorporated 126 substantive changes requested by Democrats, as well as elements of a separate ethics framework and an enforcement role for state attorneys general. Lummis rejected criticism of the crypto industry or Coinbase CEO Brian Armstrong, saying only senators could determine whether the legislation advanced. With the bill stalled, she urged crypto businesses to engage with the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator), which are preparing regulatory frameworks under existing law. She acknowledged that agency rules would not offer the durability of legislation, but said they could provide clearer operating rules in the United States. Lummis, who is preparing to leave the Senate, said she hopes the CLARITY Act is eventually revived.