Senator Lummis Asserts Clarity Act is Key to Thwarting North Korea's Lazarus Group

Granting New Sanctioning Powers to the Treasury

Republican Senator Cynthia Lummis stated that the anti-money laundering provisions included in the cryptocurrency market structure bill, the Clarity Act, serve as a direct tool to block the activities of the state-backed North Korean hacker group, the Lazarus Group, within the cryptocurrency market.

In a post on X (formerly Twitter) on the 26th, Senator Lummis pointed out that malicious organizations like the Lazarus Group skillfully exploit loopholes in financial regulations. She emphasized that the Clarity Act...