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National Sheriffs’ Association Drops Opposition to Clarity Act

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National Sheriffs' Association Drops Opposition to Clarity Act.

The law enforcement organization previously opposed the bill.

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Summary

The National Sheriffs’ Association this week dropped its opposition to the crypto Clarity Act, after having previously warned that the proposed bill could help criminals. Writing Thursday to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the association said it was changing its stance to neutral given how complex the issue is. Several lawmakers were hoping to vote on the Clarity Act in August. “Given the complexity of the legislation and the number of important details that remain under consideration, the NSA is changing its position on the Clarity Act to neutral,” the letter from NSA President Sheriff Troy Wellman and Executive Director Justin Smith read. “now, we believe the most appropriate course is to step back and allow the legislative process to proceed to establish a clear, effective, and much needed regulatory framework.”

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#CLARITY Act #US Senate