Senator Cynthia Lummis released a statement after the U.S. Senate postponed voting on the CLARITY Act until September, openly expressing her frustration with the delay. Lummis, a leading advo
Senator Cynthia Lummis released a statement after the U.S. Senate postponed voting on the CLARITY Act until September, openly expressing her frustration with the delay. Lummis, a leading advocate for digital asset regulation in the United States, has worked to advance the bill for months and signaled her determination to push forward.
In her remarks, Lummis made clear she remains committed to the bill’s passage. She stated that she will not quit now, emphasizing the importance of giving the digital asset industry clear rules to operate in the U.S. She also acknowledged that many in the XRP community share her sense of urgency.
Lummis focused on three main objectives of the CLARITY Act: protecting consumers from fraudulent schemes, building confidence within the digital economy, and providing law enforcement with better tools to address misconduct. According to her, the bill is uniquely designed to address all three goals.
Lummis underscored her frustration, saying, “You all know me and how long and hard I’ve fought for this bill, so you can imagine how frustrated I am.” She added, “The status quo fails on every level, and I will not stop fighting until we fix this broken system.”
Currently, the CLARITY Act has 51 confirmed votes in the Senate but requires 60 to pass. Senate Majority Leader John Thune confirmed that the bill will be considered after the Senate returns from its recess in September.
The legislation has remained on the Senate Legislative Calendar since June 1. A central point of contention involves whether state attorneys general should have authority over Department of Justice ethics enforcement. While Democrats advocate for this provision, both the White House and Republican leadership have opposed it. Negotiators were unable to finalize an agreement before the recess began, preventing the bill from reaching the floor for a vote.
Mini dictionary: CLARITY Act – A legislative proposal in the U.S. Senate aiming to create comprehensive regulations for digital assets and cryptocurrencies, with an emphasis on consumer protection and regulatory clarity.
RequirementCurrent CountNeeded to AdvanceSenate votes for CLARITY Act5160Senator Lummis reiterated her resolve to continue building support for the legislation. She stated her readiness to keep working with colleagues when the Senate reconvenes in September, highlighting both the difficulty of the legislative process and the importance of regulatory clarity for the sector.
Lummis explained that her commitment has not wavered: “This fight is far from over. We’ve come too far to quit now.”
She has previously expressed concern that if the CLARITY Act does not pass this session, progress on meaningful crypto regulation could be pushed back as far as 2030. Her recent statement emphasized her determination to prevent further delays.
XRP holders, who have closely tracked the bill’s progress, voiced disappointment over the latest postponement. The bill maintains broad backing among Republicans, and recent developments indicate that 7 to 10 Democratic senators are also prepared to support it. Retaining this bipartisan support will be key when the legislation comes up for another vote in September.
Lummis reiterated her view that the CLARITY Act remains vital for the cryptocurrency industry in the U.S. and reaffirmed her intent to keep pressing for its approval.
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