Senator Lummis Urges Democrats to Back Final CLARITY Draft

Lummis Convincing Democrats to Support the Final CLARITY Draft

Senator Cynthia Lummis, one of the most active proponents of the CLARITY Act, says the final version is one of the Senate’s biggest bipartisan initiatives. She stresses that blocking the measure could push crypto companies into countries with looser regulations. The article, published on September 14, 2026 at 10:10 p.m. EDT under Regulation & Legal, outlines the following points.

In a vote taking place on Tuesday, the bill’s fate will be decided. A defeat could eliminate the necessary regulatory framework to prevent scenarios similar to FTX. The draft also includes strict ethical rules, requiring officials to divest from crypto holdings to meet democratic demands.

Lummis called on Democratic senators to align with her and support the Digital Asset Market Clarity Act, presented Sunday evening. She argued that a lack of support could cause crypto firms to exit the U. S. market.

In recent remarks, she explained the bill’s bipartisan origins, noting that it began as the Responsible Financial Innovation Act in 2022 and was developed with Representative Kirsten Gillibrand.

Through a series of alliances, she secured backing from financial institutions such as Goldman Sachs and Fidelity

Through a series of alliances, she secured backing from financial institutions such as Goldman Sachs and Fidelity, as well as law‑enforcement groups like the National Fraternal Order of Police and the National Sheriffs’ Association. To meet Democratic senators’ concerns, ethical amendments were added, including a prohibition on public officials—such as former President Donald Trump—from engaging in digital asset issuance, requiring them to divest or place holdings in blind trusts.

Believing that Democratic colleagues worried about the president’s crypto investments need tangible action, Lummis assessed that adopting the act, rather than blocking it, is the only solution.

She warned that losing the bill would not eliminate the industry but would simply move it to more favorable jurisdictions such as London, Singapore, or Abu Dhabi, where investments and jobs would continue. She also noted that a lack of national regulation would reduce the ability to prevent a crisis like FTX and leave space for adversaries to exploit crypto loopholes to undermine cash flows.

Today, she urged Democrats to „put the money where the mind is” and to play a role in approving the CLARITY Act, concluding with a call for swift action.