US prosecutors propose changes to CLARITY as voting window narrows: Report

A White House crypto adviser said that the proposed changes to the CLARITY Act were “not even close” to the administration’s position, signaling another fight over the bill.
Organizations representing law enforcement officials in the US have reportedly proposed changes to a comprehensive cryptocurrency market structure bill under consideration in the Senate, with only days left until the chamber breaks for a month-long recess.
According to a Tuesday Politico report, the National Association of Assistant US Attorneys and the National District Attorneys Association sent a letter to the White House asking for changes on provisions regarding developers in the Digital Asset Market Clarity (CLARITY) Act. The changes proposed to the Blockchain Regulatory Certainty Act (BRCA) within the CLARITY Act included that guidelines on developers not “create, expand, or modify criminal liability under Federal law.”
In response to reports on the proposed changes, White House crypto adviser Patrick Witt said that the provisions were “not even close” to the Trump administration’s position, and implied that it was not the result of “productive negotiations.” Senator Catherine Cortez Masto has reportedly been pushing the White House to address the BRCA before any potential vote.
Source: Cointelegraph →Related News
- 1 hour ago
Robinhood posts record quarter, but crypto revenue slides 38%
- 1 hour ago
Binance.US to attempt prediction markets entry as CFTC-licensed entity, says CEO
- 2 hours ago
Crypto entering biggest consolidation phase in history, says ARK analyst
- 3 hours ago
Tennessee county passes another ban on crypto operations
- 6 hours ago
Binance launches regulated gold, silver options through ADGM exchange
