Senator Lummis calls out Warren for baseless attacks on Clarity Act

Senator Cynthia Lummis has pushed back in defense of the Digital Asset Market Clarity Act after Senator Elizabeth Warren claimed the bill would make illicit crypto finance harder to combat.

In a statement on X, Warren argued the bill would create new loopholes exploited by adversaries moving billions through crypto and pressed Congress to tighten illicit finance rules.

Lummis rejected those claims, countering that the legislation includes upwards of 16 illicit finance safeguards, including BSA/AML applicability to crypto, new Iran-related sanctions, and provisions letting exchanges freeze dirty funds.

She accused Warren of mischaracterizing the bill and told the Democratic senator to be upfront if she simply opposes crypto rather than making “baseless attacks” on the industry.

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