Lummis blames Senate Democrats after crypto market structure bill fails

  • Sen. Cynthia Lummis blamed Senate Democrats for derailing the cryptocurrency market structure bill.
  • SEC authority to police fraud and market manipulation would have been preserved under the measure.
  • Lummis made the remarks after a recent Senate procedural vote on the bill failed.

Sen. Cynthia Lummis blamed Senate Democrats for derailing a cryptocurrency market structure bill after a recent procedural vote failed in the Senate. She said the legislation would have established a new regulatory framework for the crypto market while preserving the SEC (U.S. securities regulator) authority to police fraud, market manipulation, investor-protection violations and unfair trading practices. Cointelegraph reported the remarks on September 18.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.