Cynthia Lummis, a Republican senator from Virginia, has attacked Democrats again for delaying the crypto Clarity Act.
Lummis appeared on Crypto in America’s podcast, Thursday. said The bill should have passed months ago, but it is being unfairly delayed.
The Clarity Act is a priority for lawmakers as they hope to pass it before Congress leaves on its August break. While it was drafted in a bipartisan manner, certain Democrats do not like the current version.
“The biggest obstacle is that the Democrats, in spite of having 11 months to work on this bill intensely, which we have done, still won’t commit to voting for it, and that that is the bigger challenge,” Lummis said.
“When we started working with [the Democrats] last Labor Day, the Clarity Act was about 300 pages — it’s getting closer to 700 pages. Most of those new pages were added at the requests of Democrats.”
She said: “This messing around, this pussyfooting around with, I want to change this, no, I want to change it back, I like the House version, no, let’s go with the Senate version, and then bringing last minute changes to this bill that could have been brought weeks ago — in fact, months ago — is absurd, and I’m just tired of being played.”
The new legislation has been endorsed by major financial institutions, legislators and businesses, but last week a group Democrats voted against it. said The bill is not good enough in its current state, according to a recent statement.
Lummis said that even though lawmakers have a number of bills to consider before August recess there is still the possibility the bill will fit in a particular slot.
The Clarity Act is stuck for a large part of 2026 despite being passed with bipartisan approval in the house last year. Part of this has to do with concerns raised by the banking industry over the stablecoin’s yield.
An updated bill of the Clarity Act was introduced last week that addressed ethics concerns — banning government officials and their families from issuing or promoting crypto.
Republicans want to see bipartisan backing for this bill in the coming week. The long-anticipated bill, if passed, would establish a regulatory structure for the crypto market.
Trump’s crypto enthusiast Lummis earned himself the title of “Crypto Lummis” on Capitol Hill. “Bitcoin Senator.”
The Republican is a co-sponsor of the GENIUS Act 2025 to regulate stablecoins and helped draft the Bitcoin Act.
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Source: bitcoinmagazine.com
