Cynthia Lummis, a pro-crypto senator, on Wednesday criticized Democrats for blocking the Clarity Act.
Speaking on the Senate floor, Senator Lummis, of Wyoming, to talk From the bipartisan work that went into the bill — but he wondered why it stopped.
Lawmakers hope the Clarity Act will be passed before Congress leaves for its August recess. Although the bill was drafted by both the Republican and Democratic parties, some Democrats are dissatisfied with the current version.
“This is a very good bill: good for the country, good for consumers, and good for the people we all represent on both sides of this aisle,” said Senator Lummis.
“After 11 months of delivering almost everything we were asked to do, I am having a really hard time understanding what my colleagues across the aisle think they need before we act.”
Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week He said In a statement that the draft law in its current form falls short.
A number of lawmakers hope that the bill will be passed before Congress leaves for its August recess.
Although it passed the House of Representatives last year with strong bipartisan support, the Clarity Act remained deadlocked through most of 2026, partly raised by concerns about stablecoin yields by the banking lobby.
An updated Clarity Act bill was introduced last week that addressed ethical concerns — prohibiting government officials and their families from issuing or promoting cryptocurrencies.
Republicans hope to make gains Bipartisan support For the bill this week to advance the legislation. If passed, the long-awaited bill will create a regulatory framework for the cryptocurrency market.
The conservative Lummis has earned the nickname “Bitcoin Senator” over the years due to her pro-crypto approach on Capitol Hill.
The 71-year-old senator has admitted to owning the leading cryptocurrency since 2013 and has played a vital role in pro-cryptocurrency legislation, including by helping draft the Bitcoin Strategic Reserve Bitcoin Act, and co-sponsoring the GENIUS Act of 2025 to regulate stablecoins.
