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Cynthia Lummis Says She Put Her Trump Ties 'on the Line' to Add Ethics Provisions in Crypto Bill: 'Don't Know What Else My Democrat Colleagues Need'
By Exbasi Intelligence
Sourced from Benzinga
Sen. Cynthia Lummis (R-Wyo.) pressed Democrats on Wednesday on what additional concessions they need to move the Clarity Act forward, adding that Republicans have accommodated nearly all of their asks.Lummis Says Bill Was Amended Several Times Lummis posted a video of her Senate floor speech on X, where she said that Republicans accommodated Democratsâ âconcernsâ and âprioritiesâ while drafting the cryptocurrency legislation.Lummis said the billâs "core definitions" were tightened at Democratsâ request, and TITLE Iâcovering SEC and CFTC jurisdictionâunderwent 33 separate Democrat-driven edits.The senior Republican said that following Democratsâ requests, the legislation was amended to add three new titles and 23 additional sections focused on curbing illicit finance and sanctions evasion.The Clarity Act is good for the country, good for consumers, and good for the people we represent on both sides of the aisle.After nearly 11 months of giving almost everything asked of us, I genuinely don't know what else my Democrat colleagues need before we act. âI Put My Own Relationship With President Trump on the LineâLummis said that Republicans conceded the most on ethics provisions on prohibiting federal officials, including President Donald Trump, from profiting from cryptocurrency.âPresident Trump voluntarily delivered the strongest set of ethics provisions in U.S. history,â she stated. âI put my own relationship with President Trump on the line.âThe Bitcoin -supportive lawmaker urged Democrats to do âwhatâs best for American innovationâ above partisan politicsâAfter nearly 11 months of giving almost everything asked of us, I genuinely donât know what else my Democrat colleagues need before we act,â Lummis said. Read Also: No Consensus Yet on Ethics ProvisionsSenate Republicans released last week an updated draft of the Clarity Act with new ethics provisions that prohibit federal officials, including the president and vice president, .However, Senate Democrats who spent months negotiating the bill said that the latest text .Sen. Elizabeth Warren (D-MA) went further, demanding the bill be "dead on arrival" as it does nothing to stop Trump from profiting further from cryptocurrency.Meanwhile, the , spending its final pre-recess days on federal nominations and a Russia sanctions bill instead.Polymarket prices the odds of the bill becoming law in 2026 at 28% as of this writing, down from 38% the week before. Read Also: Cynthia Lummis Says Crypto Act Will Strengthen Sanctions Compliance Against North Korea-Based Hackers and Other Bad Actors Photo Courtesy: Victor Sanchez G on Shutterstock.com