{"id":51075,"date":"2026-09-14T18:29:29","date_gmt":"2026-09-14T18:29:29","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51075"},"modified":"2026-09-14T18:29:29","modified_gmt":"2026-09-14T18:29:29","slug":"lummis-credits-trump-for-ethics-deal-as-clarity-act-faces-tuesday-vote","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51075","title":{"rendered":"Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/09\/Senator-Cynthia-Lummis-Senate-Banking-Committee.webp\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/lummis-credits-trump-on-clarity-act\">Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">Republican senator Cynthia Lummis has praised U.S. President Donald Trump for agreeing \u201cto the toughest ethics restrictions\u201d in order to get the Clarity Act over the line.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The pro-crypto senator <a href=\"https:\/\/x.com\/SenLummis\/status\/2099519813848616967\">wrote<\/a> on X Monday that Trump had agreed to tighter laws which give state attorneys generals standing to sue to enforce the conflict-of-interest rules on federal officials.<\/p>\n<p class=\"wp-block-paragraph\">Lawmakers will vote on the <a href=\"https:\/\/bitcoinmagazine.com\/takes\/what-the-clarity-act-actually-does-for-bitcoin\">Clarity Act<\/a> tomorrow. The bill aims to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins \u2014 rules crypto industry executives have long called for.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" \/> Senator Lummis on the Clarity Act: &#8220;President Trump had already agreed to the toughest ethics restrictions on federal officials in American history to get this bill done.&#8221;<\/p>\n<p>&#8220;Time for Democrats to take yes for an answer.&#8221; <a href=\"https:\/\/t.co\/3VLn6y4fph\">pic.twitter.com\/3VLn6y4fph<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/2099533649729204606?ref_src=twsrc%5Etfw\">September 14, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p class=\"wp-block-paragraph\">\u201cBack in July, Trump voluntarily put himself, the VP, every federally elected official, judges, and their spouses under the strictest ethics rules this country has ever seen. Most people in Washington never would\u2019ve offered that. Democrats still wanted independent, outside enforcement, not DOJ alone \u2014 so Trump went back to the table and gave more,\u201d Lummis said.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">She added: \u201cA no vote tomorrow kills the toughest ethics reform this country has ever put on the books, kills consumer protections for every American holding digital assets, and hands the future of this industry to our foreign competitors.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Alongside senators John Boozman and Tim Scott, Lummis released a new draft of the Clarity Act on Sunday night that gives attorneys enforcement new powers.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">An updated draft of the Clarity Act banning government officials from promoting or making money from crypto started circulating in July but Democrats wanted more work on it.\u00a0\u00a0<\/p>\n<p class=\"wp-block-paragraph\">President Donald Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the President\u2019s memecoin, $TRUMP, and World Liberty Financial project.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Trump and the White House have always denied any conflicts of interest.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.youtube.com\/watch?v=T9omos50y8k&amp;t=1684s\" target=\"_blank\" rel=\"noopener\">Speaking<\/a> in an interview with Punchbowl News in August, about the Clarity Act and ethics, President Trump pointed out the Democrats have also made money from stock trading.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Though passed by the House of Representatives last year, the Clarity Act has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Republicans like Lummis have <a href=\"https:\/\/bitcoinmagazine.com\/news\/republicans-want-democrats-clarity-support\">accused<\/a> Democrats of deliberately holding back the bill.\u00a0<\/p>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/lummis-credits-trump-on-clarity-act\">Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/mathewdisalvo\">Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote Republican senator Cynthia Lummis has praised U.S. President Donald Trump for agreeing \u201cto the toughest ethics restrictions\u201d in order to get the Clarity Act over the line.\u00a0 The pro-crypto senator wrote on X Monday that Trump had agreed to tighter laws [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51076,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51075","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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