Bipartisan Talks

Cynthia Lummi

2026-07-22 16:47:19

Lummis says bipartisan talks on CLARITY Act will continue in coming days

U.S. Senator Cynthia Lummis said she will keep working over the coming days to secure a bipartisan agreement on the revised CLARITY Act and push it toward becoming law. In a public statement, Lummis thanked her Democratic colleagues for what she described as important contributions to the latest draft. She also said consumer protection and support for innovation are not mutually exclusive, adding that the proposal shows both goals can be pursued at the same time. The remarks came after Senate Republicans released an updated version of the CLARITY Act following a briefing call with industry participants. According to the previously reported draft language, the bill would bar the president, vice president, members of Congress, federal judges, and their spouses from receiving compensation through the issuance or sponsorship of digital assets while in office. Those provisions would remain in effect through Jan. 20, 2029. The draft also says covered officials would need to sell crypto assets and investments in crypto companies, or place them into a blind trust beyond their control. Sales of crypto assets above $1,000 would be subject to disclosure.

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U.S. Senate

2026-07-12 01:24:55

U.S. Senate Targets Week of July 20 for Floor Push on CLARITY Act

The U.S. Senate is approaching a key legislative window for the CLARITY Act, a bill designed to create a regulatory framework for the digital asset industry. According to BlockBeats, negotiations between Democrats and Republicans are still unresolved on several core issues, including ethics rules for government officials and illicit finance. Those sticking points have left the bill facing a narrow timeline. If lawmakers fail to move the measure before the August recess, there will be little to no room to advance it before the midterm elections. That could force the legislative effort back to square one. Republican leadership is currently aiming to bring the bill to the full Senate during the week of July 20. Even if that happens, the measure would still need support from at least seven Democratic senators to pass. The update highlights how timing and bipartisan vote math are now central to the bill’s path forward.

1740

U.S. Senate

2026-07-02 22:00:14

Senate Democrats and Crypto Industry Resume Talks After Market Structure Bill Delay

U.S. Senate Democrats are set to reopen talks with crypto industry representatives on Friday, following the last-minute postponement of a key Senate Banking Committee markup on digital asset legislation. The delay came after Coinbase withdrew its support, with CEO Brian Armstrong accusing banks of trying to "kill competition." The bill aims to divide regulatory authority between the SEC and CFTC, but disputes over stablecoin reward programs remain a sticking point. While Senator Lummis says lawmakers are "closer than ever" to a deal, analysts are divided on the prospects—some see the pause as strategic, while others warn of entrenched differences.

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