Lummis, Warren Clash Ahead of Senate Vote

Tuesday marks a pivotal moment for digital asset policy in Washington. The Senate is set to vote on whether to advance the CLARITY Act , the sweeping market structure bill meant to define regulatory jurisdiction over crypto assets.

The procedural vote requires 60 votes to succeed, and the outcome remains uncertain after a chaotic final 24 hours of dealmaking, public letters, and last-minute objections from multiple corners of Washington.

The Senate cloture vote on the CLARITY Act Tuesday afternoon, needing at least 60 votes to move forward.

Democrats, including Elizabeth Warren, Mark Warner, and Ruben Gallego, say new ethics provisions still contain loopholes.

Republicans, led by Senator Cynthia Lummis, argue the administration has already given significant ground and there is nothing more to offer.

Treasury Secretary Scott Bessent is backing the final text, while eight banking trade groups say a new deposit "circuit breaker" doesn't go far enough.