Security
CLARITY Act Freeze Tools Could Have Limited $6.3B Binance Losses, Sen. Lummis Says
CoinGape·October 31, 2026·1 min read
Sen. Cynthia Lummis says the stalled CLARITY Act would have given crypto exchanges legal cover to freeze suspicious funds, potentially limiting the $6.3 billion Binance hack losses. She pointed to the incident as proof of the bill's absence costing the industry. The statement came on October 29, 2026.
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