According to CoinMeta, Wyoming Senator Cynthia Lummis stated that the Democratic Party once requested to grant new powers to the Treasury Department in order to cut off the funding channels for money laundering activities conducted through offshore exchanges such as Binance. The Clarity Act he proposed already provided the relevant authorities. Lummis claimed that the Democratic Party voted against Clarity Act during the voting, vetoing the legislative attempt to strengthen regulations on money laundering by offshore crypto exchanges.