U.S. Senator Lummis says Democrats won't quit asking for more on crypto Clarity Act
Senator Cynthia Lummis, a leading negotiator on crypto market structure, said she has run out of energy to produce further revisions to the Clarity Act she has been shaping for over five years. She also said Democrats will not stop requesting additional changes to the bill.
Why It Matters
The Clarity Act has been under development for more than five years and is central to ongoing discussions about crypto market structure; a stalemate between its principal Republican sponsor and Democratic demand for more changes could affect the bill's path forward. This matters because progress on long-running legislative efforts often depends on negotiators' ability to keep drafting momentum.
Key Facts
- Senator: Cynthia Lummis
- Bill: Clarity Act
- Issue area: Crypto market structure
- Lummis' role: One of the top negotiators in Washington on crypto market structure
- Time spent on bill: Worked on the bill for more than five years},{
Senator Cynthia Lummis, a prominent figure in congressional talks over crypto market structure, said she has reached the limit of what she can do in terms of new revisions to the Clarity Act. Lummis characterized herself as having "run out of gas" for further redrafting after more than five years of work on the measure.
At the same time, Lummis indicated that Democrats involved in the negotiations are not prepared to stop pressing for additional changes. That continued push from the other side of the aisle, she said, is preventing a simple end to the drafting process.
The Clarity Act has been a long-running legislative effort aimed at clarifying regulatory and market-structure issues for digital assets. Lummis’ comments underscore the strain in multi-year negotiations when lead drafters feel they have exhausted feasible revisions while counterparts continue to seek more.
How those dynamics resolve will determine whether the bill moves forward largely as drafted by its lead negotiator or undergoes further amendment to accommodate Democratic demands. For now, Lummis’ announcement signals a slowdown in active redrafting by one of the bill’s principal authors.
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