WASHINGTON, D.C. — Senator Cynthia Lummis said she was “dismayed, dumbfounded and saddened” that the Senate couldn’t advance a key procedural vote for crypto market structure legislation last week.
Lummis blamed Democrats for the bill’s failure at an appearance Tuesday at CoinDesk’s Policy & Regulation event, saying that while the bill was the result of negotiations between members of both parties.
“The problem was, as I see it, Democrats hate President [Donald] Trump more than they like good policy, and the way I see it is they chose their visceral hatred for President Trump and denied the opportunity to pass important policy legislation before a midterm,” she said. “They chose that … pin it on the Democrats.”
The bill itself was a bipartisan product which grew from some 300 pages to over 600, she said, after Democrats asked for provisions addressing issues like bankruptcy protections, among other items.