TREE NEWS update: U.S. Senator Cynthia Lummis said the CLARITY Act establishes a pilot program letting crypto firms share intelligence directly with federal law enforcement. She made the comment after $6.3 billion in crypto assets were stolen this week, with the thieves moving funds cross-chain within minutes. Lummis said industry and law enforcement working together could stop stolen funds from being moved further.
Lummis: CLARITY Act Includes Law-Enforcement Intel-Sharing Pilot
The intelligence-sharing pilot reframes the CLARITY Act from a market-structure debate into a law-enforcement tool, which is a harder argument to oppose politically—especially in the same week thieves moved stolen funds cross-chain within minutes. That speed detail matters: it suggests the gap the pilot targets is response time, not detection. The open question is whether a voluntary pilot actually shortens that window, or simply formalizes contacts firms already have. Also worth watching is whether the theft's scale becomes the legislative catalyst the bill needed.
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