Trafficking group warns Clarity Act aids crypto devs
- The Anti-Human Trafficking Alliance has urged lawmakers to re-examine Section 604 of the Clarity Act, warning that the provision could make it harder to hold certain cryptocurrency platform developers legally accountable for their technology’s role in facilitating human trafficking.
- The alliance’s concerns centre on scenarios where third-party platform developers’ software is used to process payments linked to human trafficking operations, yet those developers may be shielded from liability under the current wording of the provision.
- The Clarity Act is a piece of proposed US legislation aimed at establishing a clearer regulatory framework for digital assets and cryptocurrency platforms, but critics argue that certain provisions within it…
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