US Senator Cynthia Lummis has reintroduced the CLARITY Act, which aims to strengthen the fight against crimes related to digital assets. Regulation numbered HR 3633 envisages giving the US Treasury Department broader authority to freeze crypto asset transactions. The bill aims to create a basis for faster intervention against structures known for major crypto thefts, especially the North Korea-linked Lazarus Group.
New sanction area for the Treasury
Under the bill, the Treasury Department would be able to take more direct action against foreign digital asset companies deemed to be involved in money laundering, cyber attacks or other criminal activities. Thus, suspicious fund movements can be stopped before the transfer is completed.
North Korea’s Lazarus Group and other bad actors thrive on gaps in our financial rules. The Clarity Act gives Treasury new sanctions authority and a safe harbor for companies to freeze suspicious transactions before the money moves.
The text also includes providing legal protection to crypto companies. If an exchange or stablecoin issuer freezes a transaction suspected to be linked to crime, it will be protected against lawsuits that may be filed as a result of that decision. Advocates of regulation think this approach could encourage companies to take action without hesitation.
BSA and AML coverage expands
The CLARITY Act also provides for broader application of the Bank Secrecy Act and anti-money laundering rules to crypto exchanges and decentralized financial systems. In this context, more crypto companies are expected to be subject to compliance standards similar to traditional financial institutions.
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$300 million in resources for investigations
The bill not only brings enforcement authority, but also allocates a budget for investigation capacity. Accordingly, $150 million was allocated for FinCEN to strengthen digital asset supervision. A $150 million grant is also planned to support state and local law enforcement agencies investigating crypto crimes.
In addition, it is planned to establish an information sharing mechanism between the Ministry of Justice, the Ministry of Treasury and the Ministry of Internal Security. The aim is to monitor and increase institutional coordination against illegal use of digital assets.
Latest situation in the legislative process
Cynthia Lummis introduced the revised version of the bill on July 22, 2026. The regulation was passed by the House of Representatives in July 2025 with 134 votes against 294. The Senate Banking Committee also supported the bill by a vote of 15-9 in a vote in May 2026.
Lummis argues that the CLARITY Act may be the country’s last opportunity to set clear rules for digital assets by the end of the decade.
Lummis warns that if the United States delays the regulatory process, other countries may act first. For this reason, the bill attracts attention not only in terms of fighting crime, but also in terms of its impact on the position of the USA in the global crypto regulation race.
