Cynthia Lummis · Democrats · CLARITY Act · US Senate · Republicans · CoinDesk
U.S. Senator Lummis says Democrats won't quit asking for more on crypto Clarity Act
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As the U.S. Senate is poised to vote Tuesday on whether to embrace or abandon the Digital Asset Market Clarity Act, one of the leading Republican negotiators, Senator Cynthia Lummis, said that Democrats are still asking for more changes even after Republicans circulated what they said was a final compromise proposal over the weekend.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Though praising her Democrat partner, Senator Kirsten Gillibrand, Lummis said that the negotiation has seen a series of major concessions to Democrats, which she tallied at 114 points of individual
- Lummis didn't seem to know whether the Tuesday vote would win at least 60 yes votes it needs to advance in the Senate
- The Democrats want more," she said at a Washington event on Monday
Summary
Democrats are not satisfied with the final proposal of the crypto market structure bill shared by Senate Republicans, Senator Cynthia Lummis said Monday. The Wyoming Republican, who has been one of the lead sponsors of the Digital Asset Market Clarity Act, said at a Solana Policy Institute event that the bill was “as good as it’s going to get.” As the U.S. "The Democrats want more," she said at a Washington event on Monday. "There's no end to it," the Wyoming Republican lamented.