Lummis criticizes Democrats but says Clarity Act can pass

Senator Cynthia Lummis, a Republican, took another swing at Democrats regarding the long-delayed crypto Clarity Act.

In a post on X on Tuesday, the pro-crypto senator replied to a Semafor report that quoted Republican senators predicting the bill would fail after the Senate reconvenes next week.

Legislators had expected a key vote on the crypto market structure legislation in August, prior to a five-week break. However, that vote was postponed, and the Senate is now set to vote next week.

The U.S. Senate is scheduled to hold a procedural cloture vote on the Clarity Act one week from today. "If we fail to pass it next week," Lummis said, "we will not get another realistic shot at this before the end of the decade."

"If this bill fails it won’t be because of ethics, it will be because Democrats didn’t join Republicans in embracing a bipartisan bill that protected consumers, cements America’s leadership in digital assets, and empowered law enforcement to clamp down on illicit finance," wrote Lummis.

She accused Democrats of persisting in "demand changes" that would enable future regulators to "kill the crypto industry."

"If we can bridge those gaps I’m confident we can pass Clarity, but they require further compromise from Democrats, not the White House," Lummis added.

Lummis has previously said that the Clarity Act's death would be the Democrats' fault. She and other crypto-friendly legislators have criticized those they believe are intentionally stalling the legislation.

The Clarity Act proposes a structure for splitting regulatory oversight, determining which digital assets count as securities, commodities, or stablecoins.

The bill cleared the House of Representatives last July but has faced delays this year, largely due to a dispute between the banking sector and crypto firms over offering stablecoin yield to customers.

A revised version addressing ethics began circulating in July, prohibiting government officials from endorsing or profiting from crypto—a practice Democrats have condemned the Trump family for engaging in.

Even with those revisions, some Democrats argued the bill was insufficient and called for further amendments.

President Donald Trump has pushed lawmakers to finalize the legislation. In August, he stated that to keep the U.S. as the "undisputed leader in Bitcoin and crypto," they must approve the "very, very powerful legislation."