US prosecutors propose changes to CLARITY as voting window narrows: Report
Law enforcement groups are pushing changes to the Senate’s crypto market structure bill, the CLARITY Act, focused on its protections for blockchain developers. The National Association of Assistant US Attorneys and the National District Attorneys Association want language ensuring developer guidance does not “create, expand, or modify” federal criminal liability. White House crypto adviser Patrick Witt rejected those requested changes as far from the administration’s position, and said there had been no productive negotiation. The bill is also facing Democratic resistance over ethics concerns tied to President Trump’s crypto holdings. Senate Majority Leader John Thune has not scheduled a vote, and passage before the Aug. 7 recess looks unlikely because of the time needed for cloture, amendments, and debate. A core element of CLARITY would move primary crypto oversight from the SEC to the CFTC.
