TODAY: Sen. Cynthia Lummis says the Clarity Act would shut loopholes exploited by groups like North Korea's Lazarus, expanding Treasury's powers

Sen. Cynthia Lummis' comments on the proposed Clarity Act signal a push to tighten U.S. crypto controls by granting Treasury authority to preemptively freeze suspicious transactions tied to actors like North Korea's Lazarus. The prospect of faster enforcement and expanded compliance obligations is market-relevant, potentially increasing regulatory overhang and operational friction for exchanges, stablecoin rails, and on-chain liquidity in the near term.