[US Senator Lummis: CLARITY Act Once Required Crypto Projects Raising Over $25 Million from the Public to Be Audited] US Senator Cynthia Lummis stated that the Democratic Party previously demanded audited financial statements for crypto projects raising over $25 million from the public. This requirement was included in the CLARITY Act, but the Democrats ultimately voted against advancing the bill. Earlier, on September 15, the Senate held a procedural vote on advancing the CLARITY Act, which failed to pass.