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CLARITY Act Faces Senate Split over Crypto Conflict Rules
- The Senate will hold a procedural vote on the CLARITY Act on Tuesday, September 15, 2026, requiring 60 votes to advance the digital asset market structure legislation.
- Senator Cynthia Lummis argued Thursday that Democrats have secured 114 substantive revisions to the bill, though she acknowledged disagreements over ethics and vertical integration persist.
- Democratic Senator Cory Booker is negotiating language addressing vertical integration, where one company controls multiple parts of a crypto transaction; ethics provisions regarding public officials remain unresolved.
- With Republicans holding 53 seats, supporters need backing from at least seven Democrats to clear the cloture threshold; Crypto Council for Innovation CEO Ji Hun Kim called Tuesday's vote a "pivotal moment."
- If the legislation fails, agencies like the SEC and CFTC could pursue rulemaking under existing authority, though proponents warn such actions lack the permanence of federal legislation.
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US CLARITY Act Adds New Rules for Non-DeFi Protocols Ahead of Sept. 15 Procedural Vote
A new Senate Republican draft of the CLARITY Act would require some centrally controlled crypto trading protocols to register with the Commodity Futures Trading Commission, introducing a new regulatory requirement ahead of the bill’s first procedural vote on Sept. 15.Visit Website
Lummis ramps up pressure on Democrats over crypto bill
Sen. Cynthia Lummis (R-Wyo.) is ramping up pressure on Democrats to back the Clarity Act as it heads to the Senate floor next week for a procedural vote, highlighting the changes they have secured to the bill throughout negotiations. Lummis, who chairs the Senate Banking subcommittee on digital assets, argued Thursday that Democrats have secured…
·Washington, United States
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Total News Sources53
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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