Senator Cynthia Lummis has accused banks of trying to sabotage one of the most consequential efforts at crypto regulation in years, claiming financial institutions are quietly demanding last-minute changes to the CLARITY Act before they will back it. The accusation lands at a delicate moment: the bill, formally known as the Digital Asset Market Clarity Act, already stalled once this summer when the Senate broke for recess without a vote, and lawmakers are now eyeing a fresh attempt on September 15. For anyone watching how CLARITY Act crypto regulation takes shape in Washington, the fight over banks’ demands could decide whether digital assets finally get a clear legal rulebook or spend another year in limbo.
