CLARITY Act Is Secret to Killing North Korean Lazarus Hacker Group, Says Lummis

Senator Cynthia Lummis has put national security at the center of her push for the Digital Asset Market Clarity Act, arguing the bill’s three core illicit-finance provisions are the most direct mechanism available to cut off North Korea’s Lazarus Group from crypto markets.

The argument lands as the bill’s Senate floor vote slips toward the August recess, and Polymarket traders price 2026 passage at just 33–37%, down from above 80% in February.

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Clarity ACT: Three Provisions, One Target

Lummis has pointed to three specific sections of H.R. 3633 to make her case. Section 201 extends the Bank Secrecy Act and AML crypto compliance obligations to crypto firms, exchanges, DeFi front ends, and crypto ATMs, including. Section 303 adds a new Treasury crypto sanctions authority aimed at Iran.

Section 305 creates a safe harbor that allows exchanges to voluntarily freeze funds tied to suspicious activity before obtaining a court order, provided they cooperate with law enforcement.

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