Lummis Blasts Dems for Voting Down CLARITY Act with FinCEN Funding

Senator Cynthia Lummis has spoken out about the recent vote on the CLARITY Act, a digital-asset market bill. Lummis stated that the $150 million request for FinCEN funding was included in the bill before the vote. This funding would have provided additional resources for financial-crime enforcement involving digital assets, including combating scams.

The CLARITY Act was rejected by the Senate, with Democrats voting against it despite the inclusion of the $150 million request. Lummis questioned the Democratic opposition, stating that they had the opportunity to protect Americans from financial crimes and instead chose to vote against the bill.

The proposed funding for FinCEN comes amid a growing concern over crypto scams. The exact figure of $150 million represents a significant investment in combating financial crimes in the digital asset market.