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.

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