U.S. Senator Lummis: The CLARITY Act Aims to Enable Direct Intelligence Sharing Between Crypto Firms and Federal Law Enforcement

This week, hackers stole and cross-chain transferred $6.3 billion worth of crypto assets in just minutes. On November 1, U.S. Senator Cynthia Lummis—one of the primary drafters of the CLARITY Act—commented on the incident, noting that the CLARITY Act establishes a pilot program enabling crypto firms to directly share intelligence with federal law enforcement agencies. Once operational, this mechanism would allow the industry and law enforcement to coordinate responses and effectively curb cross-chain movement of stolen funds.