Loomis, who mentioned the $6.3 billion theft, emphasizes information sharing with Clarity

U.S. Senator Cynthia Lummis cited a $6.3 billion cryptocurrency theft while promoting an information-sharing pilot program under the CLARITY Act, a digital asset market structure bill. According to BlockBeats, Lummis said hackers moved the stolen assets across multiple blockchains within minutes, arguing that cooperation between the industry and law enforcement could curb the movement of stolen funds. The Senate Banking Committee's explanatory materials include a pilot program to improve information sharing between the private sector and federal investigative agencies, with a public draft requiring participating companies to be designated and confirm their intent to participate. The move signals growing congressional focus on cross-chain illicit fund flows as lawmakers advance market structure legislation. Watch for details on how the pilot designates participants and the extent of coordination between exchanges, blockchain firms, and federal investigators.