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 “to the toughest ethics restrictions” in order to get the Clarity Act over the line. 

The pro-crypto senator wrote 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.

Lawmakers will vote on the Clarity Act tomorrow. The bill aims to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins — rules crypto industry executives have long called for. 

“Back 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’ve offered that. Democrats still wanted independent, outside enforcement, not DOJ alone — so Trump went back to the table and gave more,” Lummis said. 

She added: “A 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.”