US law enforcement group drops opposition to CLARITY Act: Report
Summary
The Major County Sheriffs of America has shifted from opposing the CLARITY Act to taking a neutral stance after concerns about Section 604 were addressed. Section 604, tied to the Blockchain Regulatory Certainty Act, limits liability for developers of decentralized platforms, and the sheriffs had warned it could create a loophole for criminals and hinder crypto crime investigations. The group still wants the bill amended to include state law enforcement in a Treasury study on DeFi and illicit finance risks. The change removes a major obstacle for the bill, which has bipartisan support but remains stalled in the Senate amid banking industry opposition over stablecoin yield provisions. Senators supporting the bill want a vote this month.
