Senator Cynthia Lummis has renewed her criticism of Senate Democrats over the stalled CLARITY Act, accusing them of rejecting tougher cryptocurrency penalties and investor protections they had previously requested.
Summary
- Cynthia Lummis has accused Senate Democrats of blocking crypto protections they previously requested.
- The CLARITY Act failed a procedural Senate vote on September 15 by 49–50.
- The disputed provisions cover penalties, customer custody, financial disclosures and exchange capital requirements.
- Democrats have disputed the Republican account, citing unresolved ethics rules and other regulatory concerns.
- Seven Democratic senators have expressed interest in…
