Senator Cynthia Lummis Pushes CLARITY Act After $6.3B Binance Hack

TLDR: Senator Cynthia Lummis says the CLARITY Act may help crypto firms share information with U.S. law enforcement. Lummis argues much faster transaction freezes could have helped contain losses in Binance’s $6.3 billion hack. Binance resumed withdrawals on November 1 after its security breach, with customers moving billions in assets. Binance says it has covered most affected assets while investigators trace funds tied to North Korean hackers. Senator Cynthia Lummis has defended the CLARITY Act following Binance’s $6.3 billion hack and renewed customer withdrawals.