Senator Cynthia Lummis (R-WY) said the CLARITY Act closes illicit-finance gaps that groups like North Korea’s Lazarus Group have exploited, arguing the bill hands the U.S. Treasury Department and crypto exchanges new authority to freeze suspicious transactions before funds move overseas.
Key Takeaways
Lummis says CLARITY Act Sections 303 and 305 target North Korea’s Lazarus Group with new freeze tools.North Korea-linked hackers took roughly two-thirds of the $972 million stolen in H1 2026.CLARITY Act needs 60 Senate votes and seven Democratic crossovers before its floor-vote deadline.Cynthia Lummis, one of the CLARITY Act’s lead sponsors, took to X and pointed to the bill’s anti-money laundering provisions as she pushes for a Senate floor vote before lawmakers leave for August recess.
“Sec. 303 enables new crypto sanctions on Iran. Sec. 305 lets exchanges stop illicit funds before they reach North Korea.”
Lazarus Group’s Escalating 2026 Haul
