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Pro-crypto Republican U.S. Sen. Cynthia Lummis said the CLARITY Act could have enabled a more effective response to the Binance hack. Lummis said the bill would have classified Binance as a regulated digital asset service provider while preserving the force of existing financial and sanctions laws, which would have helped authorities respond more quickly. The CLARITY Act passed the House but remains pending after failing a procedural vote in the Senate on Sept. 15 by a 49-50 margin.