Clarity Act Stalled 11 Months Amid Democratic Delays and Banking Concerns

Senator Lummis criticizes Democratic obstruction of the Clarity Act after 11 months. The bill faces banking yield concerns and ethics objections despite House passage.

Woofun AI reports that U.S. Senator Cynthia Lummis condemned Democratic delays regarding the Clarity Act during a Senate address, describing the legislation as beneficial for the nation and consumers. She expressed frustration that action remains stalled nearly 11 months after the bill satisfied most requirements. Although the measure secured strong bipartisan support in the House last year, it has faced obstruction throughout 2026 due to banking industry concerns over stablecoin yields and Democratic opposition to ethics provisions. The updated version, released last week, includes clauses banning government officials and their families from issuing or promoting crypto assets.