Catholic leaders, US authorities challenge CLARITY Act over illicit activity
“Regulatory certainty should not come at the expense of accountability, transparency, victim protection, or public safety,” the law enforcement associations said.
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A group of 82 Catholic leaders warned a key provision of the crypto bill, protecting software developers from prosecution, could enable human trafficking.
Read full article“Regulatory certainty should not come at the expense of accountability, transparency, victim protection, or public safety,” the law enforcement associations said.
Close to 100 Catholic bishops and church leaders have sent a letter to Senate leadership opposing the CLARITY Act, arguing that a provision shielding non-custodial developers from money-transmitter rules would weaken federal safeguards against human trafficking and other financial crimes.
The opposition highlights the tension between regulatory clarity and the need for robust safeguards against financial crimes in digital markets. The post Nearly 100 Catholic leaders oppose Clarity Act over trafficking concerns appeared first on Crypto Briefing.
The CLARITY Act could redefine US crypto regulation, impacting investor confidence, market stability, and the integration of traditional finance. The post Patrick Witt leads White House negotiations on landmark crypto bill appeared first on Crypto Briefing.
The Clarity Act's passage could reshape digital asset regulation, reducing ambiguity and potentially stabilizing the crypto market landscape. The post Patrick Witt negotiates crypto bill amid Trump scrutiny appeared first on Crypto Briefing.
U.S. Senator Cynthia Lummis is urging colleagues to pass the Digital Asset Market Clarity Act, arguing the bill would free software developers from the threat of prosecution for simply publishing code. Developers in the Crosshairs Lummis made her case via a statement shared on June 22, singling out the legal exposure faced by the people […]
The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act, the crypto market-structure bill moving through Congress. The push targets Kalshi and Polymarket.
Ripple's Brad Garlinghouse spoke out against JPMorgan CEO Jamie Dimon and his comments on the key piece of crypto legislation.