Senator Cynthia Lummis, a key negotiator of the U.S. Clarity Act, announced that while the latest draft of the bill has been released, ethical provisions and other elements will continue to be discussed over the weekend. The current draft is not the final version. Lummis highlighted ongoing negotiations between Republican and Democratic representatives, which have reached an impasse over whether state attorneys general can initiate criminal or civil actions based on ethical provisions. This issue is a significant concern for many senators and the White House, given past lawsuits against the White House by state attorneys general. Lummis suggested that state governments could instead target crypto exchanges listing non-compliant assets. Democratic senators, including Elizabeth Warren, have expressed dissatisfaction with the bill, arguing it inadequately addresses Trump's crypto business and potential misconduct. The bill requires 60 votes to advance, with the Senate recessing on August 7, leaving the voting timeline uncertain.
U.S. Senator Lummis: Clarity Act's Ethical Provisions to Undergo Further Deliberation
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