Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote

Senator Cynthia Lummis has credited President Donald Trump for agreeing to stringent ethics restrictions to facilitate the passage of the Clarity Act, which is scheduled for a vote on Tuesday. The bill aims to establish a clear regulatory framework for digital assets by distinguishing between securities, commodities, and stablecoins. Lummis noted that Trump agreed to additional enforcement powers for state attorneys general to address Democratic concerns regarding conflict-of-interest rules for federal officials. She urged lawmakers to support the legislation, warning that a rejection would undermine significant ethics reforms and consumer protections.