TREE NEWS update: Wyoming Republican Senator Cynthia Lummis said the Clarity Act is at a ‘now or never’ moment, stating the final text concedes more than 120 Democratic demands, including sweeping new ethics rules. The Senate holds a make-or-break cloture vote on the bill Tuesday afternoon.
Lummis: Clarity Act Is ‘Now or Never’ Ahead of Senate Cloture Vote
The concession count reframes this as a Democratic-shaped bill, not a partisan crypto win, which matters for how the market prices the odds of passage. The ethics provisions are the tell: they target the industry's own conduct, not just agency jurisdiction, so the bill's fate now hinges on whether that trade is acceptable to crypto-aligned senators. The cloture vote is the only real signal — a failed one likely pushes the whole framework past this Congress.
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