Cynthia Lummis

Democrats demanded a report on how digital commodity rules affect historically underserved communities. The Clarity Act delivers that. Then Democrats voted against it.

No American should lose access to a bank account because of their politics or their industry, and that includes the digital asset businesses wrongfully targeted under Operation Chokepoint 2.0. Thank you @SecScottBessent and @USComptroller for working to ensure Americans have fair access to banking.

Democrats demanded digital commodity banks communicate with customers based on fair dealings and good faith, not fine print. We said, “great; let’s put it in the Clarity Act.” Then Democrats decided protecting consumers wasn’t such a big priority of theirs after all.

Democrats wanted a dedicated CFTC office to advocate for retail crypto investors. The Clarity Act does that with the creation of the Office of the Retail Commodity Advocate. Democrats voted no on protecting retail investors with a dedicated CFTC advocate.

Democrats demanded a ban on offering trades in digital commodities that are easily manipulated, so we included it in the Clarity Act. Any guesses on what happened next? Democrats voted against protecting consumers from easily manipulated digital commodities.

Democrats wanted investors to have the right to sue when a digital commodity broker breaks the rules— a provision we added to the Senate version of the Clarity Act. Democrats voted no on A NEW PRIVATE RIGHT OF ACTION for trial lawyers.

Democrats demanded that Chief Compliance Officers be barred from holding conflicting roles at affiliated crypto entities. We wrote it into the Clarity Act. Democrats said, “no thanks.”

Democrats wanted a new rule requiring digital commodity exchanges give customers clear consumer protection disclosures. We added it to the Clarity Act, and Senate Democrats voted no.

Proud to call this man a friend.

Thank you, @Deseret News, for a great conversation as I near the end of my Senate service. I truly enjoyed discussing my work leading @SenWestCaucus, advancing digital asset policy, saving taxpayers money, and building bipartisan support for nuclear energy. It’s been a privilege to represent Wyoming and take on important issues! https://t.co/4VYBgbygvX

Democrats demanded exchanges prove they can actually access and transfer customers’ private keys, a provision not included in the House version. The Clarity Act mandates it. Democrats voted no on protecting consumers’ funds with real safeguards on private key access.

Democrats asked for tougher restrictions on affiliate trading than the House version of the Clarity Act included. We delivered-- then Democrats voted no.

Democrats pushed for conflicts-of-interest rules stricter than the House-passed version of the Clarity Act, and we said no problem. That didn’t stop them from voting against protecting investors from broker conflicts of interest.

Democrats claim they’re worried about memecoins and negotiated that memecoins and network tokens be explicitly covered so they couldn’t slip through regulatory gaps. We incorporated that into the Clarity Act. Democrats voted no.

Democrats asked for $150 million in new funding for FinCEN to fight financial crime in digital assets, and even though we included it in the Clarity Act, that didn’t stop Democrats from voting against it. They had the opportunity to protect Americans from financial crimes and chose not to.

Senate Democrats have repeatedly shown they care more about denying President Trump and Republicans any victories than they do about passing good legislation that benefits Americans. It's a terrible way to govern, and it's bad for the Senate and our country as a whole.

Democrats demanded disclosures for customers to protect their crypto in a broker bankruptcy, giving them the protection FTX customers never had. Democrats voted against those efforts to protect consumers from another FTX-style bankruptcy loss when they all voted against the Clarity Act.

Last night, the Senate passed my Wyoming Education Trust Modernization Act! Wyoming's school trust fund holds $5.4B but is stuck under rules written in 1890, earning ~5%. This bill lets Wyoming use modern investment tools, with returns possibly as high as 8.3%. That means millions more for Wyoming classrooms, with the principal fully protected, no new taxes, and no cost to taxpayers. Thank you @SenJohnBarrasso for cosponsoring and @RepHageman for leading the House companion. Now let's get it to President Trump!

Wyoming chartered the nation’s first digital asset banks and built a legal framework that has set the standard for digital asset regulation in the United States. I’m very pleased the Wyoming Division of Banking has partnered with the New York Department of Financial Services for streamlined chartering and joint supervision of entities engaged in digital asset activities. https://t.co/PUF08sqt2D

Washington D.C. — The U.S. Senate last night passed the Modernizing Outdated Regulations to Expand American Fuel Act of 2026 (MORE American Fuel Act). The bipartisan bill was introduced by Senator Cynthia Lummis (R-WY) and Senator Mark Kelly (D-AZ). The MORE American Fuel Act modernizes outdated Nuclear Regulatory Commission (NRC) licensing requirements for uranium enrichment facilities and aligns them with the process already used for other nuclear facilities and reactors. The bill lets enrichment companies begin construction at their own risk instead of waiting years for a construction license before breaking ground, while preserving public participation and the NRC’s rigorous safety standards. “Senator Kelly and I agree on something simple: we can keep the NRC’s high safety standards and still stop making enrichment companies wait years just to break ground,” said Lummis. “Wyoming’s uranium and Wyoming’s workers are ready to help secure this nation’s nuclear fuel supply now. I want to thank Senator Kelly for working with me, and I’m pleased that the Senate has agreed it’s time to cut the red tape holding back American enrichment. I urge the House to act swiftly and send this legislation to President Trump’s desk as soon as possible.” “Nuclear power is a reliable source of energy. Outdated regulations should not hold back production of the enriched uranium needed to power our nuclear reactors,” said Kelly. “This bill will help us improve our energy security while maintaining strong safety and environmental standards, and I’m glad to see it one step closer to becoming law.” Background: Nuclear power provides about 18 percent of total U.S. electricity generation, yet U.S. operators import roughly 80 percent of their enriched uranium. That leaves ratepayers exposed to foreign price swings and to dependence on adversarial suppliers, including Russia. Senator Lummis cosponsored Senator Barrasso’s Prohibiting Russian Uranium Imports Act, signed into law in 2024. The law banned Russian uranium imports beginning in August 2024, and the ban becomes absolute in 2028 when the Department of Energy’s limited waiver authority expires. Wyoming is home to the nation’s largest uranium reserves and a skilled energy workforce, positioning the state to lead a domestic nuclear fuel buildout. The MORE American Fuel Act passed the Senate Environment and Public Works (EPW) Committee by a vote of 18-1 in September. ###

Democrats wanted the FTC to keep full authority over consumer protection and fraud enforcement for NFTs. The Clarity Act preserves it. Democrats voted against protecting Americans from NFT scams and fraud.

Washington D.C. — The U.S. Senate last night passed the Wyoming Education Trust Modernization Act, legislation led by Senators Cynthia Lummis (R-WY) and John Barrasso (R-WY) that would give Wyoming’s permanent school land fund greater investment flexibility and potentially increase annual returns for K-12 education. “Last night, the U.S. Senate passed a bill that will put Wyoming’s school trust fund to better work for our students,” said Lummis. “The fund holds $5.4 billion but earns only about 5 percent, because it’s still bound by investment rules written in 1890. This bill keeps the principal fully protected while allowing modern investment tools that could raise returns. That means millions of additional dollars for Wyoming classrooms every year, with no new taxes. I thank my Senate colleagues for their support, and I urge the House to act quickly so we can get this to President Trump’s desk.” “Wyoming has made smart, sustained investments in the future of our students. The Wyoming Education Trust Modernization Act will give our state more flexibility in how it manages and grows our permanent school land fund,” said Barrasso. “Diversifying this vital fund will help generate greater returns for students and teachers across Wyoming. With Senate passage, this bill is one step closer to becoming law.” Background: Congress established Wyoming’s State Act of Admission upon statehood in 1890, and it governs how the state manages its federally granted school lands. Proceeds from school trust land sales, exchanges, or disposals must be deposited into a permanent land fund under strict federal regulation. Current law prohibits investing the principal, and only accrued interest can be used to fund K-12 education. Wyoming’s permanent school trust fund currently holds $5.4 billion and generates roughly 5 percent annually under these restrictions. The legislation passed by the Senate would modernize the fund’s investment policies, potentially raising returns from 5% to 8.3% and significantly boosting annual education funding without touching the principal. The bill preserves all constitutional protections for education funding and maintains principal protection. Only investment returns can be spent, all existing controls on land disposal and exchanges remain unchanged, and the longtime permanent trust fund structure stays fully intact. The Wyoming Education Trust Modernization Act was introduced by Senators Lummis and Barrasso, and Representative Harriet Hageman in July 2025. ###

Democrats demanded crypto platforms give customers clear, plain-language education on digital asset risks and fraud before they invest. The Clarity Act requires it. Democrats voted no.

The Ratepayer Protection Act passed the full House 417-3. Nearly every House Democrat supported it. Yet Senate Democrats voted NO, because they didn't want to hand Republicans a win, even when it would have been a win for the American people. It's shameful. https://t.co/SowKM1B1VH

Republicans and Democrats agree: it's time to retire the penny. 🤝 It costs nearly 4¢ to make a single cent, and taxpayers foot the bill. Thank you @SenGillibrand, @SenatorLankford and @RonWyden for helping me pass the Common Cents Act. My predecessor, Sen. Mike Enzi, began this work in 2017. Proud to finish it.