Sheriffs group drops opposition to CLARITY Act

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Sheriffs group drops opposition to CLARITY Act
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Asianet News Network Pvt Ltd

The Major County Sheriffs of America moved from opposition to a neutral position on the Digital Asset Market Clarity Act after discussions with the administration clarified section 604, the Blockchain Regulatory Certainty Act provision that would state developers and infrastructure providers who cannot control user funds are not federal money transmitters. The group did not endorse the bill but asked Congress to give state and local law enforcement a formal role in the Treasury study and advisory bodies. The shift removes a notable obstacle for Senate support, though other law enforcement and prosecutor groups continue to oppose section 604.

MCSA withdrew opposition after clarification on section 604.

Context

Lawmakers passed the bill in the House and advanced it in the Senate Banking Committee. The sheriffs group changed to neutral after talks about section 604. Next, the Senate may vote and Congress could consider amendments to give local law…

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