Senator Lummis Advocates for the CLARITY Act to Counter the Lazarus Group’s $6.43 Billion in Cryptocurrency Theft in 2026

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Senator Cynthia Lummis is advocating for the CLARITY Act to be brought to a Senate vote before the recess, aiming to enhance counter-financing of terrorism (CFT) measures. Section 303 grants the Treasury authority to sanction foreign jurisdictions, while Section 305 permits exchanges to freeze transactions for up to 180 days. Chain data indicates that the Lazarus Group stole $643 million in H1 2026, part of a total of $6.75 billion stolen since 2019. Galaxy Research now estimates the bill’s chances of passage in 2026 at 30%, as it requires 60 votes. Meanwhile, the EU’s MiCA framework is advancing independently.

Huo Xing Finance reports, according to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing for the CLARITY Act to pass a Senate vote before Congress adjourns. Section 303 of the bill grants the Treasury Department the authority to impose targeted sanctions on foreign jurisdictions regarding digital assets, while Section 305 permits 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 global total of crypto thefts 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. Since 2019, the group’s cumulative thefts have reached $6.75 billion. Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%; the bill requires 60 votes to advance, meaning at least seven Democratic senators would need to cross party lines in support.

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