The CLARITY Act has drawn fresh opposition from U.S. law enforcement organizations and anti-trafficking advocates ahead of a House hearing scheduled for July 17, with both groups warning that a provision tied to decentralized finance could weaken oversight of illicit financial activity.
Summary
- Four U.S. law enforcement organizations have warned that a provision in the CLARITY Act could weaken oversight of illicit crypto activity and hinder investigations.
- The Alliance to End Human Trafficking urged Senate leaders to revisit Section 604, arguing it could make it harder to track financial activity tied to human trafficking and organized crime.
- Crypto industry advocates and…
