The Blockchain Association has expressed its endorsement of the CLARITY Act through a letter addressed to key Senate figures, including John Thune and Chuck Schumer. The organization argues that the legislation imposes rigorous responsibilities on intermediaries while equipping law enforcement with vital resources to tackle financial crimes.
This support follows concerns raised by the National Sheriffs' Association, which has urged for modifications to section 10604, citing its exemptions for decentralized finance (DeFi). Reports indicate that Senator Thune is hoping for an initial vote on the bill prior to the Senate's August break.
