Senator Lummis strongly pushes the CLARITY Act to crack down on illicit crypto activities such as those by the Lazarus Group

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Deep Tide TechFlow message: On July 27, according to Bitcoin.com, U.S. Senator Cynthia Lummis pushed the CLARITY bill to complete a Senate vote before Congress adjourned. Article 303 of the bill grants the Treasury the power to impose targeted sanctions on digital assets in foreign legal jurisdictions, while Article 305 allows exchanges to freeze suspected transactions for up to 180 days.

On-chain data shows that in the first half of 2026, North Korea’s Lazarus Group stole about $643 million, accounting for two-thirds of the total global crypto stolen in the same period ($972 million). This includes an attack on Drift Protocol in April worth $285 million, and a $292 million attack on KelpDAO’s cross-chain bridge. Since 2019, the group’s cumulative theft has reached $6.75 billion.

Currently, Galaxy Research has cut the probability of the CLARITY bill being passed within 2026 to 30%. The bill still needs 60 votes to move forward, meaning at least 7 Democratic lawmakers must support it across party lines.

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