Conservative group blames Lummis for stalled crypto bill
A conservative group will spend at least $100,000 on ads criticizing U.S. Sen. Cynthia Lummis, R-Wyo., for how she handled legislation to set federal cryptocurrency regulations.
Frontiers of Freedom announced this effort last week. The group plans to run television and online ads in Wyoming and Washington, D.C., and released a video it made with artificial intelligence.
The group says that Lummis slowed work on the Digital Asset Market Clarity Act that the House passed in July 2025 because she backs a different Senate proposal.
“The Trump administration was adamant about getting CLARITY done before the end of 2025. It had bipartisan support among Congress. The path forward was clear. When Senator Lummis took lead in the Senate, she derailed it,” Frontiers of Freedom President George Landrith said in a news release.
The legislation would set rules for digital assets and the businesses that sell and trade them. The Securities and Exchange Commission and the Commodity Futures Trading Commission would handle oversight.
A Congressional Research Service summary of the Senate draft says it would make digital commodity exchanges register with the CFTC. It would also set rules to protect customer funds and address conflicts of interest.
The House passed its version 294-134 on July 17, 2025. Seventy-eight Democrats joined 216 Republicans in supporting it.
Later that month, Lummis and other Senate Republicans released a draft of the Responsible Financial Innovation Act. Frontiers of Freedom argues that the decision delayed the process and cost the legislation bipartisan support.
Lummis, who chairs the Senate Banking Committee’s digital assets subcommittee, defended those negotiations.
Her office said the Banking Committee approved the CLARITY Act 15-9 in May 2026.
Last month, Lummis and committee chairmen Tim Scott, R-S.C., and John Boozman, R-Ark., released another draft. Their offices said it included 126 changes that Democrats wanted.
The next day, the Senate voted 49-50 on a procedural step necessary to advance the proposal. It needed 60 votes to pass.
Lummis blamed Democrats for the setback.
“For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts,” she said in astatement last month.
Frontiers of Freedom’s campaign comes after another conservative group criticized Lummis last year.
As The Center Square previously reported the Bull Moose Project released a football-themed AI video in December 2025. Its video accused Lummis of slowing the legislation by pursuing the separate Senate proposal.
Lummis’ office could not be reached for comment.
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