INTEL: Democrats voted against stopping crypto pump-and-dump schemes, Senator Lummis says

Senator Lummis said on X that Democrats voted against stopping pump-and-dump schemes in the Clarity Act, the crypto market structure bill, after they had asked for tougher rules on crypto market manipulation.

According to Lummis, Democrats asked for new rules targeting market manipulation in crypto, a provision she says the House bill never had. She says the Clarity Act now adds those rules. She then said Democrats voted against stopping pump-and-dump schemes.

The claim is Lummis’s own account of the legislative process. Her post does not say which vote she means, when it took place or how individual lawmakers voted. It also does not describe how the manipulation provisions are written or how they would be enforced.

No response from Democratic lawmakers was included in the material supplied. The statement should be read as one senator’s characterization of a dispute over the bill’s text, not as a finding about the vote record.