# Lummis Says CLARITY Act Would Put Binance in Covered-Person Category By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/45172 Published: 2026-10-30T22:11:09.000Z Updated: 2026-10-30T22:11:09.000Z Section: Regulation > The House-passed bill aims to create a federal digital-asset framework but remains stalled in the Senate after a failed September cloture vote. Sen. Cynthia Lummis said the CLARITY Act would place Binance in a covered-person category because the exchange provides digital-asset services. The measure has passed the House but remains stalled in the Senate. A September cloture vote failed to advance it, leaving [U.S. crypto-market rules uncertain](). The bill is intended to establish a federal regulatory framework for digital assets. The classification Lummis described remains a proposed treatment under legislation that has not passed. ## Links in this article - [U.S. crypto-market rules uncertain](https://www.tokenpost.com/news/regulation/29866)