Lummis pushes for Senate vote on CLARITY Act before congressional recess

Lummis pushes for Senate vote on CLARITY Act before congressional recess

N
News Editor
2026-07-27 08:23:51
U.S. Senator Cynthia Lummis is pressing for the CLARITY Act to reach a Senate vote before Congress breaks for recess, according to Bitcoin.com. The bill carries provisions that would expand the Treasury Department’s authority over digital-asset sanctions and let exchanges freeze suspicious transactions for as long as 180 days. Specifically, Section 303 would authorize Treasury to impose targeted digital-asset sanctions on foreign jurisdictions, while Section 305 would permit exchanges to block suspicious transfers during that period. The report also cited on-chain data tied to North Korea’s Lazarus Group. In the first half of 2026, the group allegedly stole about $643 million, accounting for roughly two-thirds of the global crypto theft total of $972 million over the same period. That figure included a $285 million attack on Drift Protocol in April and a $292 million exploit involving the KelpDAO cross-chain bridge. Since 2019, Lazarus Group’s cumulative haul has reached $6.75 billion. Separately, Galaxy Research has cut its estimated odds of the CLARITY Act passing in 2026 to 30%. The bill still needs 60 votes to move forward, meaning at least seven Democratic senators would need to join in support.
Policy RegulationU.S. SenateCLARITY ActCynthia LummisLazarus GroupGalaxy Research

U.S. Senator Cynthia Lummis is pushing to secure a Senate vote on the CLARITY Act before Congress enters recess, according to Bitcoin.com.

The report said Section 303 of the bill would give the U.S. Treasury Department authority to impose digital-asset-specific sanctions on foreign jurisdictions. Section 305 would allow exchanges to freeze suspicious transactions for as long as 180 days.

It also cited on-chain data showing that North Korea’s Lazarus Group stole about $643 million in the first half of 2026, equal to roughly two-thirds of the global crypto theft total of $972 million during the same period. That amount included 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 theft has reached $6.75 billion.

Galaxy Research has lowered its estimated probability of the CLARITY Act passing in 2026 to 30%. The bill still needs 60 votes to advance, which means it would require support from at least seven Democratic senators crossing party lines.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
1000

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.