[U.S. Senator Lummis: The 'CLARITY Act' Should Grant Legal Protection to Stablecoin Issuers for Freezing Funds Involved in Illegal Activities] BlockBeats News, September 10 — U.S. Senator Cynthia Lummis stated that the recent lawsuit against Tether for freezing $42.4 million USDT highlights the regulatory gaps in the crypto industry’s efforts to combat illegal financial activities. She pointed out that currently, stablecoin issuers and trading platforms may face civil litigation risks if they freeze assets suspected of being involved in illegal activities. Lummis emphasized that Section 305 of the 'Digital Asset Market Structure Clarity Act' would grant stablecoin issuers and trading platforms the necessary authority to promptly freeze stablecoins suspected of illegal activities while avoiding civil liability. She believes this provision could help the crypto industry more effectively prevent the flow of illicit funds and address the legal risks faced by issuers and platforms when implementing compliance measures. [Original Link]