CLARITY Act Senate Delay Could Threaten Crypto Custody Safety, Says Senator Cynthia Lummis

The CLARITY Act, stalled in the Senate with no floor vote scheduled, would ring-fence customer crypto assets from bankruptcy estates—a structural protection modelled on Celsius and Voyager's 2022 collapses. The bill faces a narrow window: negotiations deadlocked on ethics provisions and law-enforcement concerns, with Democratic swing votes (Warner, Cortez Masto) holding the 60-vote threshold, and only 14 working days before August recess.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.