US Senate · Republicans · Cynthia Lummis · CLARITY Act · Democrats · Donald Trump · The Block
Cynthia Lummis, released their "final" Clarity Act draft on Sunday night
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
The latest Republican version gives state attorneys general some leeway in enforcing the ethics provisions by allowing them to sue crypto exchanges and the Justice Department, and says that public officials have to divest "significant financial interest" or put those in a blind trust.
Key facts
- On Monday night, Senate Democrats prepared the counteroffer, asking to change a hotly contested ethics provision to address President Donald Trump's growing crypto profits, according to Politico
- Cynthia Lummis, released their "final" Clarity Act draft on Sunday night
- On Tuesday morning, Lummis' spokesperson Katie Warbinton criticized Democrats' latest proposal and said it looked "identical" to their position weeks ago
- Mark Warner, D-Va., told Semafor that Democrats' counteroffer shouldn't be a surprise
Summary
Hours ahead of an initial vote on landmark cryptocurrency legislation, Senate Republicans are pushing back against a counterproposal from fellow Democrats, leaving the bill in limbo. On Monday night, Senate Democrats prepared the counteroffer, asking to change a hotly contested ethics provision to address President Donald Trump's growing crypto profits, according to Politico. Democrats have since pushed back on that, with Sen. On Tuesday morning, Lummis' spokesperson Katie Warbinton criticized Democrats' latest proposal and said it looked "identical" to their position weeks ago.