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Sheriffs Group Drops Opposition to CLARITY Act After Crypto Crime Concerns
The Major County Sheriffs of America has reportedly moved to a neutral position on the CLARITY Act after initially warning that parts of the bill could weaken illicit finance investigations tied to digital assets. In a Friday letter to Senate Banking Committee chair Tim Scott and Senator Elizabeth Warren, the group said some of its concerns over Section 604 had been addressed. The earlier concerns were raised in a May 14 letter and centered on whether the bill could create gaps for criminals using decentralized platforms. Section 604 relates to the Blockchain Regulatory Certainty Act, a provision designed to protect ... (full story)
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