Lummis Says Clarity Act Will Aid in Crypto Sanctions Against Lazarus Group

Senator Cynthia Lummis says the Clarity Act shuts financial gaps that North Korea's Lazarus Group exploits for stolen funds. She argues the bill gives Treasury new sanctions tools and a legal shield for exchanges that freeze suspicious funds.

The Digital Asset Market Clarity Act is the crypto industry's core market-structure bill. It cleared the House in 2025 and a Senate committee this year, but still awaits a full floor vote.

Where the Bill Stands

The bill, formally H.R. 3633, passed the House in earlier this month with bipartisan support. The Senate Banking Committee advanced it in May, then Senate Republicans released a merged draft on July 22 that adds ethics rules and illicit-finance language.

Lummis has pointed to three specific sections to counter such critics. Senator Elizabeth Warren, for instance, calls the bill a sanctions loophole.

… Continue reading the full article at the original source below.