The Clarity Act is back with a revised version, and Senator Lummis is optimistic it’s ready for broader scrutiny — but a key ethics provision remains contentious, especially among Democrats who worry it doesn’t sufficiently address conflicts of interest for government officials in crypto. Republicans fiercely oppose allowing state attorneys general to bring lawsuits under ethics rules, calling it a “red line.” Meanwhile, new provisions tackle illicit finance, including crypto ATM fraud and safeguards for platforms cooperating with law enforcement. With political momentum still building, a Senate vote remains uncertain — but the debate is far from over.
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