U.S. Senator: The Democratic Party opposes the consumer protection provisions of the CLARITY Act

U.S. Senator Cynthia Lummis stated that Democrats previously requested the establishment of a mandatory SEC review mechanism, requiring cryptocurrency projects to submit relevant information and complete certification with the SEC before offering products to the public. The "CLARITY Act" has included this requirement, but Democrats ultimately voted against the bill.

Lummis believes this indicates that Democrats oppose measures aimed at protecting consumers.