Senator Lummis, the proponent of the Clarity Act, argued that if the stalled legislation had been enacted, cryptocurrency companies could have obtained legal protection to freeze suspicious transactions immediately after notification from law enforcement, following a hack at Binance that resulted in approximately $6.3 billion (about 1 trillion yen) in damages.
In a post on X, the senator described it as the largest cyber heist in history, with over $6 billion stolen in less than four hours, emphasizing that every minute of delay in response...
