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The Blockchain Association urges the U.S. Senate to pass the Clarity Act, accompanied by a joint letter from 160 security officials.

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Mars Finance reports that, according to The Block, the Blockchain Association sent letters on Tuesday to U.S. Senate Majority Leader John Thune and Democratic Leader Charles Schumer, expressing strong support for the Clarity Act. The letter was signed by 160 former national security and law enforcement officials and emphasized that the structure of the digital asset market is a law enforcement and national security priority. The letter says the Clarity Act expands law enforcement and financial crime prevention capabilities within the digital asset ecosystem, and includes key anti-illicit finance and law enforcement provisions, such as expanding the Bank Secrecy Act and sanctions obligations, and establishing a Treasury-led enforcement agency and an information-sharing mechanism between the private sector and the government. The Blockchain Association stressed that these are not measures to ease regulation, but tools to strengthen enforcement. The bill has passed the Senate Banking Committee and is currently awaiting a full vote in the U.S. Senate. The Blockchain Association also plans to hold a virtual town hall on Thursday to discuss the bill.
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RugcheckRoommate
· 9h ago
The full Senate vote is expected to be a lengthy debate.
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BridgeHopHarper
· 9h ago
How many truly understand blockchain out of 160 people
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StargazingWithAMirroredSphere
· 11h ago
If this bill passes, the compliance costs for CEXs will skyrocket.
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MosaicButterfly
· 11h ago
Expansion of sanctions obligations, cross-border transfer monitoring needs to be upgraded
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LightsInTheMistyValley
· 11h ago
Endorsed by former national security officials, political capital is at its peak.
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ReadingContractsUntilMyEyesAre
· 11h ago
The information sharing mechanism sounds good, but how is privacy protected?
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PixelMiningLamp
· 11h ago
Support strengthening regulation, but just don't turn it into an innovation killer.
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LiquidationLineInTheReflection
· 11h ago
Virtual Town Hall Thursday, see you then. Want to ask how KYC is specifically implemented.
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Half-UnderstoodZk
· 11h ago
Bank Confidentiality Law Expansion, DeFi project teams are going to have a headache
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VinylRadioProphecy
· 11h ago
The enforcement agency led by the Ministry of Finance? It seems like power has become concentrated again.
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