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Top U.S. County Sheriff Drops Opposition to CLARITY Act

CoinNetwork
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CoinWorld News, the Major County Sheriffs of America (MCSA) has withdrawn its opposition to the decentralized finance provisions in the CLARITY Act, alleviating major enforcement concerns surrounding the proposed U.S. crypto market structure bill. In a letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, the MCSA stated that after ongoing review of the legislation, the organization has shifted its stance from opposing the blockchain regulatory certainty bill's provisions to a neutral position. This change comes as lawmakers prepare for the next phase of Senate discussions on the bill. The MCSA mentioned in the letter that ongoing discussions with the Trump administration have provided additional clarity on how the decentralized finance language will be interpreted and implemented. The MCSA also proposed several amendments to the bill, requesting Congress to grant state and local law enforcement agencies a formal role in the Treasury Department study required by Section 309 of the CLARITY Act, as well as participation in any advisory groups established under this legislation.
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MoonlightTake-ProfitLine
· 6h ago
The CLARITY Act has taken an interesting turn — the County Sheriffs' Association shifted from opposition to neutrality, and it seems lobbying from the Trump administration has worked.
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L2LunchBoy
· 6h ago
It looks like state and local law enforcement agencies want to butt in on research into Section 309—that’s about grabbing the power to shape the narrative. DeFi regulation is increasingly like a chessboard for multi-party games.
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