US Senator Lummis: Democrats oppose consumer protection provisions in the CLARITY Act

November 15 - U.S. Senator Cynthia Lummis, one of the main drafters of the CLARITY Act, stated in a post that Democrats had requested the establishment of a mandatory SEC review mechanism, requiring crypto projects to submit relevant information to the SEC and complete certification before offering products to the public. The CLARITY Act has incorporated this requirement, but Democrats ultimately voted against the bill. Lummis believes this means Democrats opposed the relevant measures aimed at protecting consumers.