U.S. Republican Senator Cynthia Lummis of Wyoming said Democrats had previously pushed for a requirement that any crypto project raising more than $25 million from the public provide audited financial statements, adding that the provision was written into legislation. Lummis also said Democrats later voted against the transparency they had asked for. According to the brief, Lummis has served as a U.S. senator from Wyoming since 2021. Before that, she served in the U.S. House of Representatives from 2009 to 2017. The remarks were cited by ChainCatcher in a policy and regulation newsflash.
According to ChainCatcher, U.S. Republican Senator Cynthia Lummis of Wyoming said Democrats had required any crypto project raising more than $25 million from the public to provide audited financial statements, and that the requirement had been written into a bill.
Lummis said Democrats then voted against the transparency they had asked for.
The brief also noted that Lummis has served as a U.S. senator from Wyoming since 2021. She previously served in the U.S. House of Representatives from 2009 to 2017.
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