Senator Lummis Calls to Stop ‘Baseless Attacks’ on the Clarity Act

Senator Cynthia Lummis defended the Clarity Act in opposition to Senator Elizabeth Warren, rejecting claims that the digital-asset invoice creates illicit finance loopholes and pointing to greater than 16 safeguards written into the laws.

The Wyoming Republican responded after Warren argued that adversaries exploit crypto to transfer billions and that the invoice would weaken requirements. Their conflict comes as the Senate races in opposition to a slender legislative calendar.

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More proof that our adversaries exploit crypto to transfer billions.

The Clarity Act, because it’s presently written, would make this drawback worse.

Congress ought to be strengthening illicit finance requirements, not creating new loopholes. pic.twitter.com/61lqFgRntH

— Elizabeth Warren (@SenWarren) June 28, 2026

Lummis Points to Built-In Safeguards

Lummis countered that the Clarity Act strengthens illicit finance guidelines moderately than weakening them. She listed particular provisions in a public rebuttal.

Lummis famous that Section 201 applies the Bank Secrecy Act and anti-money laundering (BSA/AML) guidelines to crypto. Section 303 provides new sanctions aimed toward Iran. Section 305 lets exchanges freeze soiled cash.

“If you don’t like crypto, then say it, however cease these baseless assaults,” she said.

Illicit finance issues have grow to be a central sticking level for the laws. Law enforcement teams and Catholic coalitions pushed again in separate letters last month.

Their objections focused Section 604, the invoice’s developer secure harbor. Critics say broad exemptions may weaken oversight of criminal fund flows.

Clarity Act Passage Odds Slide on Polymarket as Deadline Nears

Meanwhile, the timing raises the stakes for the invoice. The Senate returns from recess on July 13, leaving a slender window earlier than the August break. 

The invoice should clear the Senate by then to stand an opportunity of turning into regulation this 12 months. That path requires 60 votes, together with at the very least seven Democrats.

Prediction markets have turned cautious. On Polymarket, the odds of the Clarity Act turning into regulation in 2026 fell to 39%, down from 64% in early June.

Analysts have shifted, too. Galaxy Research now places the odds of the CLARITY Act turning into regulation in 2026 at 50%, down from 60% on June 5, citing the shrinking Senate calendar.

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