Sen. Cynthia Lummis is urging Congress to advance the Digital Asset Market Clarity Act, commonly known as the Clarity Act, ahead of the Senate’s scheduled September 15 cloture vote. The vote is set for 2:15 p.m. ET on a motion to proceed to H.R. 3633, with 60 votes required to end debate. Republicans hold 53 Senate seats, so at least seven Democratic or independent senators would be needed if the Republican caucus remains unified. Lummis said the bill reflects more than 12 months of negotiations and includes 126 substantive changes requested during discussions. The latest draft, released by Lummis, Senate Agriculture Committee Chairman John Boozman (R-Arkansas) and Senate Banking Committee Chairman Tim Scott (R-South Carolina), would be offered as a substitute amendment if cloture is invoked. The measure builds on the Responsible Financial Innovation Act introduced by Lummis and Sen. Kirsten Gillibrand (D-New York) in 2022 and reintroduced in 2023. Its provisions address federal oversight of digital assets, Securities and Exchange Commission (SEC) certification, illicit finance, decentralized finance (DeFi), offshore exchanges, digital-asset ATMs and ethics restrictions for senior federal officials. Lummis said industry groups and institutions including Goldman Sachs and Fidelity support the legislation, while the National Fraternal Order of Police and the National Sheriffs’ Association withdrew their opposition after anti-money-laundering provisions were added. The bill remains subject to the September 15 cloture vote, and no Democratic senators had publicly said the ethics provisions were sufficient when the final draft was released.