US Law Enforcement Group Moves to ‘Neutral’ Position on CLARITY Act
The move leaves the bill with one fewer law-enforcement critic as senators weigh unresolved legal and enforcement details before a September vote.
- On Thursday, The National Sheriffs shifted its opposition to the Digital Asset Market Clarity Act to neutral, citing the legislation's complexity and remaining details under consideration.
- In a May letter, the NSA warned that section 604 of the bill would give DeFi platforms and mixers "a blanket exemption" from anti-money laundering rules.
- NSA President Sheriff Troy Wellman and Executive Director Justin Smith wrote to Senate Majority Leader John Thune and Minority Leader Chuck Schumer that the organization would "step back and allow the legislative process to proceed."
- This reversal removes a vocal law-enforcement critic ahead of a September vote, following White House meetings convened to address concerns regarding the bill's safeguards against illegal finance.
- Final votes in The House will occur after The Senate returns, making passage before the November election unlikely, especially as Democrats still require a key ethics provision.
15 Articles
15 Articles
CLARITY Act loses key law enforcement opponent
The National Sheriffs’ Association has withdrawn its opposition to the CLARITY Act, adopting a neutral position 12 days before the Senate’s scheduled Sep. 15 procedural vote. Why the sheriffs withdrew their CLARITY Act opposition The National Sheriffs’ Association said in…
U.S. Sheriff’s association shifts opposition stance to Clarity Act to 'neutral'
NSA Clarity Act Moves Forward As Sheriffs End Opposition To Crypto Bill
The NSA Clarity Act is gaining momentum as the National Sheriffs’ Association shifts from opposition to neutrality ahead of a key Senate vote. While the move removes a major obstacle, lawmakers still face unresolved policy and political challenges surrounding the crypto legislation.
Sheriffs Go Neutral on CLARITY Act, Easing Pressure on Senate Vote
The National Sheriffs’ Association withdrew its opposition to the CLARITY Act ahead of a scheduled Senate vote. The shift removes a prominent law enforcement objection but does not amount to an endorsement of the crypto market structure bill. Sheriffs’ Association Moves From Opposition to Neutral The National Sheriffs’ Association (NSA) changed its position on the […]
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