Senator Lummis Champions the CLARITY Act to Combat Lazarus Group and Other Crypto Illegal Activities
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Senator Lummis Champions the CLARITY Act to Combat Lazarus Group and Other Crypto Illegal Activities
According to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing hard for the CLARITY Act to complete Senate voting before Congress adjourns. Section 303 of the bill grants the Treasury Department the authority to impose targeted digital asset sanctions on foreign jurisdictions, while Section 305 allows exchanges to freeze suspicious transactions for up to 180 days. On-chain data shows that North Korea's Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the total global crypto theft during the same period ($972 million), including a $285 million attack on Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge. The group's cumulative theft amount has reached $6.75 billion since 2019. Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%. The bill still requires 60 votes to advance, meaning at least 7 Democratic senators need to vote across party lines in support.
Navigating Web3 tides with focused insightsTechFlow news, July 27, according to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing for the CLARITY Act to complete Senate voting before Congress recesses. Section 303 of the bill grants the Treasury Department the power to impose specific sanctions on digital assets against foreign jurisdictions, and Section 305 allows exchanges to freeze suspicious transactions for up to 180 days.
On-chain data shows that North Korea's Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the total global crypto theft amount during the same period ($972 million), including a $285 million attack on Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge. The organization's cumulative theft amount has reached $6.75 billion since 2019.
Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%. The bill still needs 60 votes to proceed, meaning at least 7 Democratic senators need to vote across party lines in support.
