DeFi & NFT
By Sakamoto Nashi
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What the Sheriffs Actually Want. The specifics of the desired amendments haven't been disclosed.
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What's at Stake for the CLARITY Act. The CLARITY Act is aimed at building a regulatory structure around crypto and digital assets,…
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The Legislative Road Ahead. Passage of the CLARITY Act is being closely watched, and not just by law enforcement groups.
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The Major County Sheriffs of America pulled their opposition to the CLARITY Act. Not a full endorsement — more of a strategic retreat.
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The group's reversal is pretty significant for anyone watching the CLARITY Act move through Congress.
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The specifics of the desired amendments haven't been disclosed. That's a problem, honestly, because vague demands are easy to ignore in a busy legislative session.
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Crypto-related financial crime has gotten harder to track at the local level. Chain analysis tools, blockchain forensics software, specialized training — none of that is cheap,…
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And that's kind of the crux of the problem. Without knowing what amendments the group wants, it's hard to say whether Congress will take the ask seriously or just note the…
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The CLARITY Act is aimed at building a regulatory structure around crypto and digital assets, specifically to prevent illicit financial activity from slipping through…
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Local law enforcement is actually on the front lines of a lot of these cases. A county sheriff's department might be the first to respond when a constituent gets scammed through…
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See also: Teen Hacker Peter Stokes Extradited to US Over Scattered Spiders $8M Crypto Scheme
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Whether lawmakers agree is another matter.
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The Major County Sheriffs of America haven't received confirmation that their proposed amendments will be included.
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The sheriffs' involvement adds another voice to what's already a crowded negotiation. Policymakers are balancing input from industry, federal regulators, and now local law…
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See also: MiCAs Transition Deadline Hits EU Crypto Firms With Uneven Enforcement Risk
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