Law-enforcement opponents argued the carve-out was too broad anyway, and warned it could shield mixers, tumblers

Mon, Jul 6 · 10:00 AM UTC 2 min read

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A flowchart traces Section 604's path from law-enforcement concern to MCSA neutrality toward compromise, while NOBLE's endorsement gives Democrats public-safety cover.

As Eleanor Terrett reported, a new letter dated July 3 puts MCSA in neutral territory.

Key facts

As Eleanor Terrett reported, a new letter dated July 3 puts MCSA in neutral territory
Kirsten Gillibrand renewed her push on July 3 to bar elected officials and their spouses from issuing or sponsoring digital assets
NOBLE, the National Organization of Black Law Enforcement Executives, went further and endorsed the bill outright
Democrats could accept Section 604's safe harbor once it includes the consultation role, training funding, and forensic resources that MCSA is asking

Summary

01 MCSA moved to neutral and NOBLE endorsed CLARITY, softening the law-enforcement front after months of opposition. 02 That split gives Senate supporters public-safety cover and weakens attacks on Section 604’s developer safe harbor. 03 Gillibrand’s renewed memecoin ban still tests Democratic votes, and CLARITY needs an ethics deal plus seven Democrats. The CLARITY Act's two biggest obstacles are moving in opposite directions this week. Before this week, forecasters and prediction markets already had CLARITY at a coin flip of becoming law in 2026.

#US Senate #Donald Trump #CLARITY Act #Democrats