CLARITY Act back in the spotlight after $6.3B Binance hack — Here’s why!
Photo: AMBCrypto
The $6.3 billion Binance hack, the largest crypto security incident on record, has sparked fresh debate over cryptocurrency regulations in the United States, particularly the need for stronger safeguards for crypto exchanges. According to Senator Cynthia Lummis, the incident highlights why the proposed CLARITY Act is important for the industry's future. Lummis blames the CLARITY Act setback The Senator argued that the legislation would have provided crypto firms with legal clarity to freeze suspicious transactions as soon as law enforcement agencies flagged them.
Source: AMBCrypto
