Senator Lummis accuses the Democratic Party of vetoing the offshore money laundering oversight bill.

TechFlow reports that on September 27, Senator Cynthia Lummis (@SenLummis) posted that the U.S. Senate voted on the "Clarity Act," which aims to grant the Treasury Department authority to cut off money laundering activities conducted through offshore exchanges such as Binance. Lummis accused Democrats of voting down the bill, stating they refused to protect American citizens from offshore money laundering threats. Critics, however, countered that the bill contains unconstitutional provisions and corruption loopholes targeting the current president, leading to its defeat.