Sen. Cynthia Lummis is pressing Senate Democrats to support the revised CLARITY Act after lawmakers incorporated more than 114 Democratic provisions into an approximately 630-page draft. The Wyoming Republican said in a September 12 post on X that Democrats would bear responsibility if the legislation fails, following the release of revised text on September 10 after negotiations during the August recess. The September 15 procedural vote could determine whether Congress advances comprehensive cryptocurrency market-structure legislation before the November midterm elections, although Senate passage requires 60 votes and no publicly confirmed coalition has yet emerged. The bill would more clearly divide cryptocurrency oversight between the SEC and CFTC (U.S. commodities regulator), create registration systems for digital asset intermediaries, and impose disclosure, customer-asset segregation and conflict-of-interest safeguards. The House passed the legislation 294-134 in July 2025, including support from 78 Democrats, while the Senate Banking Committee advanced its version 15-9 in May 2026. Democratic concerns remain over illicit finance, consumer protection, securities-law loopholes, financial stability and presidential cryptocurrency conflicts. Banking groups have also raised concerns about stablecoin rewards and potential deposit outflows. Lummis argues that legislation would provide more durable rules than agency regulation alone, but her claim that consumers would have zero federal protection if the bill fails goes beyond the existing landscape: the CFTC can pursue fraud and manipulation in spot digital-commodity markets, while the SEC has issued a 2026 crypto-asset interpretation and proposed disclosure requirements for some crypto-related investment contracts. A failed vote would stall the current effort as the congressional calendar tightens; success would permit further Senate debate and amendments rather than immediately making the bill law.