Senator Lummis released updated CLARITY Act text citing the Lazarus Group as a benchmark threat, adding consumer and law-enforcement safeguards to the crypto market-structure bill.
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Senator Cynthia Lummis released updated text for the CLARITY Act on Monday, framing the market-structure bill as a weapon against crypto crime tied to groups like the Lazarus Group. The revision adds consumer and law-enforcement safeguards, shifting the debate from industry rules toward national security.
The Wyoming Republican's office published the revised text alongside a one-pager on the bill's new illicit-finance provisions. Lummis has previously used her platform to shape digital-asset policy, including a separate proposal for crypto tax reform. The CLARITY Act sits within a broader wave of legislative activity; an earlier draft added crypto ethics provisions for senior officials.
Invoking Lazarus positions the bill against the most serious category of illicit-finance risk rather than routine compliance gaps. The comparison functions as a benchmark for the threats lawmakers say the legislation should address. CoinDesk first reported on the revised text.
Industry participants have argued that clearer federal rules could strengthen the U.S. crypto framework. That view is reflected in Coinbase's position that the CLARITY Act would reinforce national-security safeguards. For retail readers, the practical stake is how enforcement and disclosure rules evolve if the measure advances.
U.S. legislation often influences exchange policy and cross-border compliance expectations well beyond American borders. Crime-linked narratives can also weigh on institutional confidence in digital assets. The push arrives amid ongoing Senate work on crypto market-structure legislation.
Lummis is a Republican U.S. Senator from Wyoming who has been active on digital-asset policy. The CLARITY Act is proposed federal legislation on crypto market structure. Her revised version adds provisions focused on illicit finance and new safeguards for consumers and law enforcement.
Groups like Lazarus are cited as examples of the serious illicit-finance threats lawmakers say tighter oversight should target. The reference underscores the national-security framing behind the bill's crime-prevention measures.
For related coverage, see Goldman CEO backs CLARITY Act as banks fight stablecoin rewards.
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