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Lummis Says CLARITY Act Is Dead. The Democrats Who Killed It Say Otherwise

Seven Senate Democrats voted Nay on the Senate’s September 15 cloture vote on the Digital Asset Market Clarity (CLARITY) Act, in keeping with the chamber’s official roll name. Preceding this, CLARITY Act champion Senator Lummis mentioned if it failed its first vote, they had been ‘finished.’

A day later, the identical seven declared themselves dedicated to passing the invoice.

The Record Is Clear

Senate Roll Call Vote 234, taken at 2:19 p.m. ET on September 15, lists every of the seven by identify in opposition to the invoice’s cloture movement, the procedural step that wanted 60 votes to advance debate and fell to 49.

Senator Cynthia Lummis (R-Wyo.), the invoice’s lead sponsor, had already warned that failure would finish the combat, telling reporters, “I believe we’re finished. It’s over.”

The subsequent day, the identical seven senators issued a joint assertion hanging a distinct tone.

“We stay dedicated to working in a bipartisan vogue to get this laws handed.”

Not a New Position, a Repeated One

That assertion just isn’t a first-time reversal. Six of the seven, plus Senator John Hickenlooper (D-Colo.) in Gillibrand’s place, issued nearly identical language in July, calling an earlier Republican draft inadequate on ethics and client safety whereas pledging to maintain working towards a deal.

The sample holds: oppose the precise textual content on the ground, whereas publicly conserving the door open to a future model.

Republicans reject that framing. House Majority Whip Tom Emmer accused the bloc of claiming one factor publicly and voting one other method, pointing to Gillibrand’s look at a Digital Chamber panel in March, the place she mentioned she wished the US to guide the business.

What This Means for CLARITY Act

Whether the CLARITY Act is lifeless or merely paused now relies on whose framing holds. Republicans management the ground calendar and haven’t scheduled one other vote.

The seven Democrats have provided no new textual content and no timeline, solely a repeat of language they’ve used earlier than, leaving the invoice’s destiny precisely the place Tuesday’s vote left it.

The submit Lummis Says CLARITY Act Is Dead. The Democrats Who Killed It Say Otherwise appeared first on BeInCrypto.

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