Lummis Says Clarity Act Will Bolster Sanctions Against North Korea-Based Hackers

Crypto regulation advocate Sen. Cynthia Lummis says the Clarity Act will strengthen sanctions compliance against North Korea-based hackers and other bad actors.

The Wyoming senator claimed that the legislation gives Treasury new authority to monitor, limit or prohibit digital-asset transactions connected to foreign jurisdictions if they present a money-laundering concern.

North Korean hackers have stolen over $2 billion worth of assets in 2025 alone, with April 2026 recording the highest number of cryptocurrency hacking incidents on record. Over $1 billion has already been lost this year, according to DeFiLlama.

Lummis argued that the Clarity Act will close financial regulatory gaps that allowed North Korea's Lazarus Group and other bad actors to steal cryptocurrencies.