Senator Cynthia Lummis expressed her "frustration, confusion, and sadness" at the failure of the CLEAR Act to pass a key procedural vote in the Senate last week, speaking at CoinDesk's Policy & Regulation event. She attributed the bill's failure to Democrats, stating that they "chose their visceral hatred of President Trump over good policy," thereby rejecting the opportunity to pass important policy legislation before the midterm elections. Lummis noted that the bill itself was a product of bipartisan cooperation, expanding from 300 pages to over 600 pages after Democrats requested the addition of provisions such as bankruptcy protection. She also mentioned that Donald Trump disclosed in his 2026 midterm financial disclosures that he earned $1.4 billion in 2025 through various cryptocurrency investments.