Senator Lummis Pushes CLARITY Act to Target Crypto Crime Tied to Lazarus

New York AG warns CLARITY Act could weaken state crypto enforcement

New York Attorney General Letitia James said the federal crypto market structure bill could restrict state regulators and urged Congress to impose stronger consumer protections on digital asset platforms.

NY Attorney General Letitia James warns Clarity Act would ‘dilute’ states’ ability to go after fraud as pressure mounts

NYAG Letitia James urged Congress to tighten a crypto bill, warning that it would weaken states' ability to police the industry.

Deconstructing the CLARITY Act: Senate Leaders Push Back on Critics

Senator Cynthia Lummis and Senate committee leaders released a new CLARITY Act fact sheet. It addresses a lot of common criticisms, from securities rules to AML and CFTC’s role. Key questions remain, including SEC-CFTC coordination and DeFi compliance. Last week, Senator Cynthia Lummis and Senate committee leaders released an updated “Myth vs. Fact: The CLARITY Act” document.  This is essentially a response to the pushback that’s come up as the …

Senator Lummis Pushes CLARITY Act to Target Crypto Crime Tied to Lazarus

Senator Cynthia Lummis is pushing an updated version of the CLARITY Act, framing the market-structure bill as a tool to counter crypto crime and illicit finance tied to actors like the Lazarus Group. The revised text adds safeguards aimed at consumers and law enforcement, sharpening the debate over how U.Read more...

CLARITY Act Gains Senate Support As US Moves To Tighten Crypto Regulations

The CLARITY Act has become relevant again as Cynthia Lummis pushes for the legislation, which will help the United States in its war on crimes involving cryptocurrencies. This bill is designed to counteract criminal organizations like the Lazarus Group from North Korea that have been involved in significant crypto heists. If this CLARITY Act passes […]

Senator Lummis: CLARITY Act Targets Crypto Loopholes Used By North Korea’s Lazarus Group

BitcoinWorld Senator Lummis: CLARITY Act Targets Crypto Loopholes Used by North Korea’s Lazarus Group U.S. Senator Cynthia Lummis (R-WY) stated that the proposed CLARITY Act is designed to close specific regulatory gaps that have allowed illicit financial actors, including North Korea’s Lazarus hacking group, to move stolen cryptocurrency across borders. The bill, if enacted, would grant the U.S. Treasury Department expanded authority to freeze…