Cynthia Lummis Says Democrats Opposed Advancing CLARITY Act After Audit Requirement Was Added

Cynthia Lummis said Democrats had previously required crypto projects that raised more than $25 million from the public to provide audited financial statements, and that requirement was written into the CLARITY Act. According to Odaily, Democrats ultimately voted against advancing the bill. The Senate held a procedural vote on advancing the CLARITY Act on September 15, but it did not pass.