0.14%
0.43%
3.99%
BTC
$65,073.55
0.29%
0.27%
3.98%
ETH
$1,922.48
0.18%
0.00%
3.65%
BNB
$602.96
0.28%
0.50%
3.09%
XRP
$1.03
0.27%
0.56%
5.90%
SOL
$76.84
0.01%
0.05%
1.29%
TRX
$0.32990022
0.29%
0.31%
0.69%
DOGE
$0.06995160
0.40%
0.46%
7.41%
ADA
$0.19761934
0.39%
1.19%
0.00%
LINK
$8.23
0.29%
1.29%
2.50%
LTC
$45.47
0.14%
0.43%
3.99%
BTC
$65,073.55
0.29%
0.27%
3.98%
ETH
$1,922.48
0.18%
0.00%
3.65%
BNB
$602.96
0.28%
0.50%
3.09%
XRP
$1.03
0.27%
0.56%
5.90%
SOL
$76.84
0.01%
0.05%
1.29%
TRX
$0.32990022
0.29%
0.31%
0.69%
DOGE
$0.06995160
0.40%
0.46%
7.41%
ADA
$0.19761934
0.39%
1.19%
0.00%
LINK
$8.23
0.29%
1.29%
2.50%
LTC
$45.47
   /       /       /    ‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act

‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act

‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act

Bitcoin Magazine

‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act

Republican Senator Cynthia Lummis has again attacked the Democrats for holding back the long-awaited crypto Clarity Act. 

Speaking on the Crypto in America podcast Thursday, Lummis said that the bill could have been passed months ago but is unfairly being held back. 

Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

“The biggest obstacle is that the Democrats, in spite of having 11 months to work on this bill intensely, which we have done, still won’t commit to voting for it, and that that is the bigger challenge,” Lummis said. 

“When we started working with [the Democrats] last Labor Day, the Clarity Act was about 300 pages — it’s getting closer to 700 pages. Most of those new pages were added at the requests of Democrats.”

She added: “This messing around, this pussyfooting around with, I want to change this, no, I want to change it back, I like the House version, no, let’s go with the Senate version, and then bringing last minute changes to this bill that could have been brought weeks ago — in fact, months ago — is absurd, and I’m just tired of being played.”

Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.   

Still, Lummis added that while lawmakers had a lot to vote on before the August recess, there was still a chance the bill could fit into a slot. 

Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially the banking lobby raised concerns over stablecoin yield. 

An updated bill of the Clarity Act was introduced last week that addressed ethics concerns — banning government officials and their families from issuing or promoting crypto. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.

Trump ally Lummis is one of the most pro-crypto senators on Capitol Hill, even earning the name “Bitcoin Senator.” 

The Republican helped draft the Bitcoin Act for a Bitcoin strategic reserve, and co-sponsored the 2025’s GENIUS Act to regulate stablecoins.

This post ‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Source: BitcoinMagazine

31-07-2026
Cryptocurrencies / Cryptocurrency News

Cryptocurrency News

Treasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi NakamotoTreasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi NakamotoRepublican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity ActRepublican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity ActDemocratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: ReportDemocratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: ReportDemocrats Push Back on GOP Ethics Text as Thune Doubts a Pre-Recess Clarity VoteDemocrats Push Back on GOP Ethics Text as Thune Doubts a Pre-Recess Clarity Vote

Random quote about money

"Уберечь свои деньги стоит больших трудов, чем добыть их."

Мишель де Монтень

Interesting posts in other sections of the blog

Information

Users of Guests are not allowed to comment this publication.

Latest articles

all articles →
South Korea’s Regulators Accidentally Triggered a 30% Small-Cap RallyCryptocurrency NewsSouth Korea’s Regulators Accidentally Triggered a 30% Small-Cap RallySouth Korea’s financial regulators wanted to calm a volatile stock market as they cracked down on leveraged ETFs. However, they have made it more chaotic10-08-2026US Export Control Meant to Cripple China’s AI. But They Created Its Most Valuable CompanyCryptocurrency NewsUS Export Control Meant to Cripple China’s AI. But They Created Its Most Valuable CompanyWhen Washington blocked China from buying advanced chips, the goal was to slow Beijing’s AI ambitions. It may have accelerated them instead. CXMT Corp, a10-08-2026BTC, ETH, XRP Whales Step Up Accumulation as CryptoQuant Sees the Bear Market Nearing Its EndCryptocurrency NewsBTC, ETH, XRP Whales Step Up Accumulation as CryptoQuant Sees the Bear Market Nearing Its EndThe firm said whale accumulation near realized prices aligns with the late stage of a bear market.10-08-2026Cathie Wood Says Open Source AI Is Making OpenAI and Anthropic Richer, Not PoorerCryptocurrency NewsCathie Wood Says Open Source AI Is Making OpenAI and Anthropic Richer, Not PoorerThe common view says open-weight AI is bad news for frontier labs like OpenAI and Anthropic. ARK Invest’s Cathie Wood argues the opposite. An open-weight AI10-08-2026Asia Stocks Climb and Rate Bets Ease. Now Comes Wednesday’s CPI TestCryptocurrency NewsAsia Stocks Climb and Rate Bets Ease. Now Comes Wednesday’s CPI TestAsian stocks edged higher Monday and the probability of a September US rate hike dropped sharply, giving global markets room to extend last week’s record run.10-08-2026Airbnb’s CEO Says AI Is ‘The Best Thing’ to Happen to It. Stock Jumps 17%Cryptocurrency NewsAirbnb’s CEO Says AI Is ‘The Best Thing’ to Happen to It. Stock Jumps 17%Airbnb stock hit a four-year high on Friday, gaining 17% after its CEO made one of the clearest corporate arguments yet for what AI can actually deliver. Brian10-08-2026Wall Street Tightens Grip on Crypto as Institutions Now Drive 72% of Spot Flow: ReportCryptocurrency NewsWall Street Tightens Grip on Crypto as Institutions Now Drive 72% of Spot Flow: ReportInstitutions are concentrating liquidity into fewer tokens instead of spreading capital across the wider market.10-08-2026Kraken Delisting Deadline Nears: Holders of 21 Tokens Risk Near-Zero PayoutsCryptocurrency NewsKraken Delisting Deadline Nears: Holders of 21 Tokens Risk Near-Zero PayoutsKraken is entering the final stage of its latest delisting cycle, giving holders of 21 tokens until August 27 at 14:00 UTC to withdraw their assets.10-08-2026BofA, JPMorgan, Oppenheimer Name Their 3 Favorite AI Stocks, One Has a $255 TargetCryptocurrency NewsBofA, JPMorgan, Oppenheimer Name Their 3 Favorite AI Stocks, One Has a $255 TargetTop Wall Street analysts at Bank of America, JPMorgan and Oppenheimer have identified three AI stocks they believe remain well-positioned for further gains09-08-2026
Sign inMasterInvest
RUENUK