Democrats 'chose visceral hatred for' Donald Trump over crypto Clarity Act, Lummis says
Senator Cynthia Lummis said the crypto industry should "pin it on the Democrats" in her first public remarks after last week's failed Clarity Act vote.
WASHINGTON, D.C. — Senator Cynthia Lummis said she was "dismayed, dumbfounded and saddened" that the Senate couldn't advance a key procedural vote for crypto market structure legislation last week.
Lummis blamed Democrats for the bill's failure at an appearance Tuesday at CoinDesk's Policy & Regulation event, saying that while the bill was the result of negotiations between members of both parties.
"The problem was, as I see it, Democrats hate President [Donald] Trump more than they like good policy, and the way I see it is they chose their visceral hatred for President Trump and denied the opportunity to pass important policy legislation before a midterm," she said. "They chose that … pin it on the Democrats."
"Every single Democrat voted no, every single one. I see some of the spin post-vote blaming it on Brian Armstrong … or blaming it on the industry for being too aggressive or anybody else they can blame, President [Donald] Trump because he made a bunch of money on a memecoin before he was president," she said.