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Crypto Regulation

Lummis: CLARITY Act Adopts 120+ Democratic Demands, Tuesday Vote Critical

US Senator Cynthia Lummis said the CLARITY Act is ready after a year of bipartisan negotiations and now incorporates more than 120 Democratic demands. She said President Trump agreed to new ethics provisions placing all federal elected officials, judges and their spouses under the strictest ethics constraints in US history. A no vote on Tuesday would cede US leadership in digital assets to competitors, she said.

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AI take

The significance here is less the substance of the bill than the process: a year of bipartisan negotiation and a claim that 120-plus Democratic demands have been absorbed reframes the CLARITY Act as a consensus product rather than a partisan vehicle, which is the harder part of any market-structure bill. The ethics provisions extend the debate beyond crypto-specific rules to the conduct of federal officials, a broader political exposure that could pull in votes or repel them. Tuesday's vote is the real test of whether the claimed bipartisan groundwork holds; whether the package survives that vote intact is the open question.

Generated by AI for reference only.

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