{"id":78179,"date":"2026-09-15T02:39:16","date_gmt":"2026-09-15T02:39:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lummis-pushes-senate-democrats-to-rally-behind-final-clarity-draft\/"},"modified":"2026-09-15T02:39:16","modified_gmt":"2026-09-15T02:39:16","slug":"lummis-pushes-senate-democrats-to-rally-behind-final-clarity-draft","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lummis-pushes-senate-democrats-to-rally-behind-final-clarity-draft\/","title":{"rendered":"Lummis Pushes Senate Democrats to Rally Behind Final CLARITY Draft"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Sen. Lummis urged Democrats to pass the CLARITY Act, warning that blocking it will drive crypto firms abroad.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The bill adds strict ethics rules forcing officials to divest crypto, aiming to appease Democratic demands.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A Tuesday vote decides the bill\u2019s fate; failure risks losing the regulatory reach to prevent another FTX.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>\u2018Put Their Money Where Their Mouth Is\u2019: Lummis Calls Democrats to Rally Behind CLARITY Act<\/h2>\n<p>Senator Cynthia Lummis has called Senate Democrats to rally behind <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/senate-republicans-update-clarity-act-with-strict-ethics-rules\/\">the final version of the Digital Asset Market Clarity Act<\/a> presented on Sunday night, stressing that failing to do so would result in crypto companies leaving the U.S.<\/p>\n<p><a href=\"https:\/\/thehill.com\/opinion\/finance\/6086356-lummis-clarity-act-crypto\/\" target=\"_blank\" rel=\"noopener noreferrer\">In a recent opinion piece<\/a>, Lummis explained the bill\u2019s bipartisan origins, highlighting that since its beginnings as the Responsible Financial Innovation Act in 2022, it has been a joint effort with Senator Kirsten Gillibrand.<\/p>\n<p>Lummis remarked on the victories achieved so far, managing to gather support from both financial institutions like Goldman Sachs and Fidelity and law enforcement groups like the National Fraternal Order of Police and the National Sheriffs\u2019 Association.<\/p>\n<p>In addition, she mentioned that several compromises were made to appease Senate Democrats\u2019 demands in new ethics language that bans covered individuals, including Trump himself, from sponsoring digital assets and forces them to divest their digital assets or place them in a blind trust.<\/p>\n<p><strong>\u201cIf my Democratic colleagues are truly concerned about the president\u2019s crypto investments, then passing this bill \u2014 not blocking it \u2014 is the way to address that,\u201d<\/strong> she assessed.<\/p>\n<p>Finally, she pointed out that dropping the CLARITY Act won\u2019t make the industry \u201cevaporate,\u201d and that it will only migrate to more crypto-friendly jurisdictions, with investments and jobs leaving for London, Singapore or Abu Dhabi.<\/p>\n<p>Lummis added that once this happens, U.S. regulation will lose the reach needed to prevent another <a href=\"https:\/\/news.bitcoin.com\/from-a-32-billion-valuation-to-financial-troubles-an-in-depth-look-at-the-rise-and-fall-of-ftx\/\">FTX-like incident<\/a> and its consequences, and that this would also empower foreign adversaries using crypto loopholes for money laundering purposes.<\/p>\n<p><strong>\u201cIt is time for Democrats to put their money where their mouth is and join us in passing the Clarity Act\u2026 Let\u2019s pass the Clarity Act now,\u201d<\/strong> Lummis concluded.<\/p>\n<p>The vote to discuss the CLARITY Act will happen Tuesday evening, and even after <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/final-clarity-act-packs-126-changes-requested-by-senate-democrats\/\">126 Democrat-pushed changes<\/a> to the final draft, the bill\u2019s destiny remains uncertain.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/lummis-pushes-senate-democrats-to-rally-behind-final-clarity-draft\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Sen. Lummis urged Democrats to pass the CLARITY Act, warning that blocking it will drive crypto firms abroad. The bill adds strict ethics rules forcing officials to divest crypto, aiming to appease Democratic demands. A Tuesday vote decides the bill\u2019s fate; failure risks losing the regulatory [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":78180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78179"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78179"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78180"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}