U.S. Sheriff’s association shifts opposition stance to Clarity Act to 'neutral'
The National Sheriffs' Association has shifted its stance on the Clarity Act from opposition to neutral. This change follows discussions with the White House regarding concerns over anti-money laundering provisions in the crypto legislation.
Why it matters
The removal of a key law enforcement critic improves the bill's chances of passing, though legislative hurdles remain before the November election.
"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," wrote NSA President Sheriff Troy Wellman and Executive Director Justin Smith in a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer.
The NSA wrote a letter in May addressed to the Senate Banking Committee warning that section 604 of the bill would give mixers, tumblers and DeFi platforms "a blanket exemption" from anti-money laundering rules.
"Some will use evolving software, algorithms, and agentic AI to help transfer digital assets without tracing or accountability, launder money, finance terrorism, and evade sanctions," the May letter said.
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