Senator Cynthia Lummis said the CLARITY Act would give cryptocurrency companies a legal framework to freeze assets immediately upon request from law enforcement. She cited the recent $6.3 billion Binance hack, during which the company helped freeze approximately $3 billion in affected assets. The bill, which seeks to formalize cooperation between crypto firms and law enforcement, remains under consideration by lawmakers, and its future is uncertain. Lummis’s comments could influence undecided senators, including Mike Lee, while the scheduling of a Senate vote remains a key factor.
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