- Sen. Cynthia Lummis said Senate Democrats were to blame for the failure of the cryptocurrency market structure bill.
- She said the measure would have preserved the U.S. Securities and Exchange Commission (SEC) authority to police fraud and market manipulation.
- She said the bill was designed to create a new regulatory framework for the crypto market while allowing the SEC to retain its authority over investor protection and unfair trading.
Lummis Says Senate Democrats Sank Crypto Market Structure Bill That Would Have Preserved SEC Anti-Fraud Powers
Sen. Cynthia Lummis blamed Senate Democrats for the failure of a cryptocurrency market structure bill.
bloomingbit
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Sep 18, 2026 at 4:21 PM UTC · 1 Min. Lesezeit
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Sen. Cynthia Lummis blamed Senate Democrats for the failure of a cryptocurrency market structure bill.
Cointelegraph reported on September 18 that Lummis said Democrats blocked the measure and that it would have preserved the U.S. Securities and Exchange Commission’s authority to police fraud and market manipulation.
She added that the bill was designed to create a new regulatory framework for the crypto market while allowing the SEC to retain its existing powers to protect investors and crack down on unfair trading.
Lummis made the remarks after a procedural vote on the crypto market structure bill recently failed in the Senate.
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Originally reported by bloomingbit
NewsLayer coverage based on externally reported material.
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