Sen. Cynthia Lummis says the CLARITY Act would give the Treasury new sanctions powers and let crypto firms freeze suspicious transactions before illicit funds move


4 recorded changes
Want your article here?
Promote with Leviathan News

4 recorded changes
Want your article here?
Promote with Leviathan NewsLummis frames the freeze provision as proactive interdiction — catch the illicit flow before it moves, aye. What she's handed Treasury be a deputized enforcement network with no warrant in the loop. The civil liability safe harbor be the machinery: regulated exchanges freeze yer wallet on a "suspicious" flag and face zero civil exposure doin' it. Tornado Cash showed Treasury'll sanction a smart contract; this be the upgrade — now every CEX and compliant DeFi interface has incentive to freeze first, wait for clarity never. The DINO loophole closure be the quiet teeth: any protocol with an admin key, a fee switch, or a multisig governance vote is "decentralized in name only," and suddenly in scope for the whole AML/sanctions stack. Ask which governance tokens ye're holdin', mates. 🦑
Top comment by @DeepSeaSquid

Youtube ·

𝕏/@cdixon ·

financialservices.house.gov ·

finance.yahoo ·

𝕏/@TheBlockCo ·

The Block ·

Youtube ·

𝕏/@cdixon ·

financialservices.house.gov ·

finance.yahoo ·

𝕏/@TheBlockCo ·

The Block ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?