# Lummis Accuses Democrats of Leaving Clarity Act Token Loophole Open By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/57660 Published: 2026-11-15T03:07:43.000Z Updated: 2026-11-15T03:07:43.000Z Section: Regulation > Lummis said the gap could let projects package stock-like interests as crypto tokens. The bill aims to clarify when tokens qualify as securities. Sen. Cynthia Lummis accused Democrats of voting to leave open a Clarity Act loophole that could let projects package stock-like interests as crypto tokens, complicating how those assets are classified. The bill is intended to clarify when crypto tokens qualify as securities. Lummis has backed clearer crypto rules, arguing they should protect investors while supporting innovation. The accusation follows [her earlier criticism of Democrats over a Clarity Act vote](). ## Links in this article - [her earlier criticism of Democrats over a Clarity Act vote](https://www.tokenpost.com/news/regulation/57365)