Lummis Rejects Democratic Counteroffer Ahead of Clarity Act Vote

The rejection of a Democratic counteroffer hours before a procedural vote signals that the Clarity Act's market-structure framework remains contested along party lines rather than converging toward compromise. For crypto and RWA participants, the near-term question is less the substance of the bill than whether it can clear procedural hurdles at all, since a failed cloture-style vote would delay the legislative clarity the sector has been anticipating. Whether Republicans can hold their caucus together without Democratic support is the open question.