Lummis pushes Democrats to support 114 crypto bill changes
Senator Lummis has released the final 630-page Clarity Act text ahead of the September 15 procedural vote, highlighting 114 Democratic-requested revisions including CFTC registration for non-DeFi protocols. While the bill moves closer to a floor vote, it faces continued hurdles over unresolved conflicts with the Trump administration's crypto interests and lingering Democratic opposition to the current ethics enforcement structure.
According to GN markets/crypto (en-US), the newly released 630-page text mandates that non-DeFi trading protocols register with the CFTC, a specific addition requested by Democrats. The revised bill also narrows DeFi provisions to spot and cash digital commodity transactions to address tribal government concerns regarding prediction markets, though it retains the original Justice Department enforcement framework for ethics rules that critics find insufficient.
Source: GN markets/crypto (en-US)Senator Lummis is intensifying efforts to secure Democratic support for the Clarity Act ahead of next week's Senate floor vote, emphasizing that the bill now includes 114 distinct revisions requested by the minority party.
Source: GN markets/crypto (en-US)
