More than a year of bipartisan negotiations comes to a test on Tuesday. Senator Cynthia Lummis, alongside Agriculture Committee Chairman John Boozman and Banking Committee Chairman Tim Scott,
More than a year of bipartisan negotiations comes to a test on Tuesday. Senator Cynthia Lummis, alongside Agriculture Committee Chairman John Boozman and Banking Committee Chairman Tim Scott, released the final text of the CLARITY Act on September 10.
The Senate cloture vote is scheduled for September 15. It requires 60 votes to pass. Senator Lummis posted the announcement on X. “After a year of intense daily bipartisan negotiations, this bill is ready,” she wrote.
According to the press release, the final text incorporates 126 substantive changes made at the request of Democrats. The most significant addition is new ethics language reflecting all of the Tillis-Gallego ethics proposal. It gives state attorneys general a meaningful role in enforcement.
President Trump voluntarily agreed to ethics restrictions applying to every federally elected official, judge, and their spouses. Lummis described these as among the toughest ethics restrictions in U.S. history.
The press release also notes the bill grants the Secretary of the Treasury new authority to prevent deposit flight tied to payment stablecoins, protecting community banks, farmers, and small businesses. Additional provisions shield developers from money transmission registration requirements and establish a civil safe harbor.
After a year of intense daily bipartisan negotiations, this bill is ready. Here is the final text. President Trump voluntarily agreed to new ethics provisions holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S.…
— Senator Cynthia Lummis (@SenLummis) September 14, 2026
The press release also confirms that the CLARITY Act has attracted backing from major financial institutions including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, Charles Schwab, and SoFi. Law enforcement organizations have also moved behind the bill.
The National Sheriffs Association and the Majority County Sheriffs Association both recently dropped their opposition, citing the tools the legislation gives law enforcement to fight crime.
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Republicans hold 53 Senate seats. At least seven Democrats must vote yes for cloture to succeed. Congressional reporter Steven Dennis has said 7 to 10 Democrats are willing to support the legislation. Lummis argued that voting no would block ethics reforms, ceding digital asset leadership to foreign competitors, and leaving Americans without market protections.
Lummis noted, “Democrats got what they wanted; now they need to take yes for an answer.” Chairman Scott reinforced that message. “After over a year of bipartisan negotiations and over 100 changes requested by Democrats, it is time for the Senate to move this strong, bipartisan bill forward,” he said.
Senate Minority Leader Chuck Schumer convened a Democratic caucus meeting on Sunday evening to align the party ahead of the vote. If cloture passes, the Senate moves to formal debate. Amendments and a final passage vote follow. Lummis has previously warned that a failed Tuesday vote could delay the next opportunity until 2030.
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