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Lummis Challenges Democrats Over Crypto Market Structure Bill
Sen. Cynthia Lummis criticized Democrats on October 17 for opposing the Digital Asset Market CLARITY Act. She argued that negotiations had addressed concerns previously raised and questioned why Democrats remained opposed. Lummis also mentioned large-trader reporting requirements and greater oversight of digital commodity pool operators and trading advisers, which stalled the bill after failing to advance with 60 votes needed. Democrats raised ethics and national security concerns, including potential risks linked to Trump family crypto interests and money laundering.