INTEL: Senator Lummis says Democrats voted against keeping repeat offenders out of crypto

Senator Lummis said on X that the Clarity Act now bars people banned from other securities offerings from crypto offerings too, a change she says Democrats asked for. She also said Democrats then voted against keeping repeat offenders out of crypto.

In her post, Lummis said Democrats requested that bad actors banned from other securities offerings also be banned from crypto offerings. “We made that change and incorporated it into the Clarity Act,” she wrote.

Her post gives no detail on which vote she means, when it took place or how it split. It also does not quote the provision or describe how the ban would work in practice, such as which prior bans would trigger it. Those points rest on her account alone, and Democrats have not been quoted in response in the material available.

The claim is a statement from the senator, not a reading of the bill text. Whether the provision is worded as she describes has not been independently confirmed.