Senator Cynthia Lummis (R-Wyo.) has renewed her criticism of Senate Democrats over the Digital Asset Market CLARITY Act, arguing they voted against a bill that contained measures they had req
Senator Cynthia Lummis (R-Wyo.) has renewed her criticism of Senate Democrats over the Digital Asset Market CLARITY Act, arguing they voted against a bill that contained measures they had requested. The pro-crypto @SenLummis focused on a provision for large trader reporting, which she says lets regulators spot manipulation early.
In a post on her official page, Lummis said Democrats demanded large trader reporting so regulators can spot manipulation early. She added that Republicans agreed it was a good provision and included it in the CLARITY Act, and that Democrats then voted against it.
The post is part of a series. According to The Crypto Times, she has also cited personal liability for false crypto filings and oversight of crypto fund operators as measures Democrats sought during negotiations. Earlier, she pointed to a proposed $150 million allocation for the Financial Crimes Enforcement Network (FinCEN), which she said was included in the bill.
On September 14, Lummis and Senators John Boozman and Tim Scott said the final draft reflected more than a year of negotiations and 126 substantive changes requested by Democrats, according to the same outlet.
The vote Lummis refers to was procedural. Law firm DLA Piper reports that the Senate held a cloture vote on the motion to proceed on September 15, 2026, which failed. Senators Susan Collins, Josh Hawley and Jerry Moran voted against the motion alongside Democrats.
AMINA Bank's research team says the Senate voted 49 to 50 against invoking cloture on H.R. 3633, with sixty votes required. It adds that the bill never reached the floor, so no senator voted on its substance. That context matters for the debate: the vote was on whether to begin floor consideration, not on individual provisions such as large trader reporting.
Opposition also had other drivers. Crypto.news reports that disagreements covered stablecoin rewards, decentralized finance, financial crime prevention and ethics rules for officials with crypto interests, with much of the opposition centered on restrictions involving public officials' digital asset holdings.
Law firm Orrick says the failure to reach 60 votes significantly diminishes the chances of passage in this Congress, and that attention has shifted to the SEC and CFTC. A motion to reconsider remains a possible route for further Senate action, though crypto.news noted no successful subsequent vote had been reported as of October 14.
For the crypto market, the practical effect is that rules for assets such as $BTC and $ETH continue to depend on agency action rather than a permanent statute. The dispute is also likely to stay political, with both parties pointing to the provisions they say they supported.
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