CLARITY Act Freeze Tools Could Have Limited $6.3B Binance Losses, Sen. Lummis Says
Wyoming Senator Cynthia Lummis says the stalled CLARITY Act would have given crypto exchanges immediate legal cover to freeze suspicious funds, pointing directly to the $6.3 billion Binance hack as proof of what the bill’s absence cost the industry. Ad Ad Lummis Links CLARITY Act Freeze Powers to Binance Hack Fallout…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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