US Senator Lummis states Democrats keep demanding more regarding Clarity Act

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Senator Cynthia Lummis (Jesse Hamilton/CoinDesk)

Summary

Democrats remain unhappy with the latest iteration of the digital asset market structure legislation presented by Senate Republicans, according to Senator Cynthia Lummis on Monday.
The Republican lawmaker from Wyoming, who serves as a primary sponsor for the Digital Asset Market Clarity Act, mentioned during a Solana Policy Institute gathering that the current legislation was “as good as it’s going to get.”
The Clarity Act approaches a crucial procedural ballot scheduled for Tuesday.

As the U.S. Senate prepares to decide on Tuesday whether to move forward with the Digital Asset Market Clarity Act, Senator Cynthia Lummis, a principal GOP negotiator, noted that Democratic legislators continue to push for additional modifications despite Republicans circulating what they described as a final compromise proposal over the weekend.

“The Democrats want more,” she stated during an event in Washington on Monday. “They always want more. If we waited another month, they would want more.”

“There’s no end to it,” the Wyoming Republican expressed with frustration.

Speaking at a Washington summit organized by the Solana Policy Institute, Lummis discussed the challenge of accepting a significant personal compromise regarding legal safeguards for decentralized finance (DeFi) creators within the final draft.

While commending her Democratic colleague, Senator Kirsten Gillibrand, Lummis pointed out that the discussions involved numerous major concessions to Democrats, adding up to 114 separate policy items within the bill. A primary focal point was the provision that turned into the political turning point of the Clarity Act: the clause restricting government officials from holding personal business ties with the sector, directed principally at President Donald Trump.

She mentioned her astonishment when he conceded to a stricter set of ethical boundaries affecting himself and other officials, which appeared in the draft released this week.

“The Democrats wanted more, and much to my surprise, the president has agreed to give more,” she remarked.

Lummis appeared uncertain whether Tuesday’s ballot would secure the minimum 60 affirmative votes required to progress in the Senate. Monday’s industry gathering was filled with lobbyists debating the approval chances for the Clarity legislation. Even the most hopeful participants described the probability of success as slim.

Following reports that Democratic members of Congress convened to review the newest iteration of the bill, attendees waited anxiously for any updates on the results. Lummis shared that upon arriving in Washington from her Wyoming ranch, she immediately inquired with her team, only to learn that Democrats were demanding additional changes.

“This is as good as it’s going to get,” she stated, urging Democrats to accept the measure. “My tank is empty.”