Senator Lummis: Democrats Relentlessly Seek More Changes to Crypto Clarity Act

Senator Cynthia Lummis has voiced her dissatisfaction with the ongoing requests from Democratic lawmakers for additional modifications to the Digital Asset Market Clarity Act, which she has been working on for over five years.

Stalled Negotiations

At a recent event organized by the Solana Policy Institute, the Republican senator from Wyoming described the current proposal as the most comprehensive possible. Despite Republicans declaring a final agreement over the weekend, Lummis noted that Democrats are still seeking further changes.

"The Democrats want more," she stated. "They always want more. If we waited another month, they would want more." She expressed frustration at what she perceives as an endless series of demands.

Lummis pointed out the significant compromises already made to accommodate Democratic concerns, revealing that she has tracked 114 adjustments in the legislation. A notable change involved limiting government officials from having business relationships with the crypto sector, specifically targeting President Donald Trump.

Reflecting on the negotiations, she expressed surprise at Trump's agreement to revised ethical standards that impact him and others, as seen in the current draft.

"The Democrats wanted more, and much to my surprise, the president has agreed to give more," she commented.

As the Senate gears up for a critical vote on the Clarity Act, Lummis conveyed uncertainty about whether it would attract the 60 votes necessary for passage. The atmosphere at the event was tense, with lobbyists voicing doubts about the bill's prospects, even from those who remained hopeful.

Upon her return from a trip to Wyoming, Lummis inquired about the status of the bill and discovered that Democrats were still pushing for revisions. "This is as good as it's going to get," she asserted, urging Democratic colleagues to back the legislation. "My tank is empty."