Lummis Exposes Democrats' Last-Minute FinCEN Funding Request in CLARITY Act

Senator Cynthia Lummis revealed that a $150 million request for FinCEN funding was included in the CLARITY Act before the Senate rejected a motion to advance the bill. The funding would provide FinCEN with additional resources for financial-crime enforcement involving digital assets.

The agency has been dealing with a large volume of suspected crypto investment scams. FinCEN analyzed 33,904 Bank Secrecy Act reports filed between September 2023 and December 2025, covering about $12.7 billion in suspected scam-related financial activity.

Lummis said the final draft of the bill included 126 substantive changes requested by Democrats during negotiations. However, Democratic lawmakers raised concerns about ethics provisions and crypto-related financial interests involving public officials.