Lummis Slams Democrats for Rejecting $150M CFTC Crypto Funding
- —Lummis criticized Democrats for voting down $150 million for the CFTC
- —The funding is authorized by the CLARITY Act for crypto market oversight
- —The rejection could weaken efforts to combat fraud in digital assets
Why it matters: Without the funding, the CFTC cannot fully police crypto derivatives, delaying regulatory clarity for the market.
Source: Coinfomania