Cynthia Lummis · CLARITY Act · Republicans · Bitcoin · Bitcoin Magazine
Senators Cynthia Lummis and Angela Alsobrooks Say Bipartisan Work on Clarity Act Continues Despite Delays
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The long-awaited crypto Clarity Act bill has been stalled.
Key facts
- And not Republicans: Democratic Senator Angela Alsobrooks accompanied conservative “Bitcoin Senator” Cynthia Lummis in assuring voters that work was being done on the bill
- Several Democrats have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project
- The Clarity Act may be delayed, for now, but pro-crypto senators remain committed to the fight
- Passed last year in the House of Representatives, the Clarity Act started small but its text has grown over the months
Summary
The Clarity Act may be delayed, for now, but pro-crypto senators remain committed to the fight. And not Republicans: Democratic Senator Angela Alsobrooks accompanied conservative “Bitcoin Senator” Cynthia Lummis in assuring voters that work was being done on the bill. Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill was to go ahead before a five-week recess but news dropped Friday that it was too little, too late. “We’ve worked for over a year on a bipartisan basis to protect consumers, limit deposit flight, fight illicit finance, and include a fair deal on ethics,” Alsobrooks said in a statement. Lummis, who had previously blasted Democrats for holding back the bill, added: “There will be a time where the reporter can say more, but for now, let me say this, they've come too far to quit.