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The U.S. MCSA no longer opposes the CLARITY Act and has shifted its stance to neutral
Svmuu News: The Major County Sheriffs Association (MCSA) stated in a letter to U.S. Senate Banking Committee Chairman Tim Scott and Senator Elizabeth Warren that it has changed its position on the CLARITY Act to “neutral” after some of its concerns regarding Section 604 of the bill were addressed. Section 604 pertains to the Blockchain Regulatory Certainty Act, which aims to protect developers from liability for illegal activities conducted by users on their decentralized platforms. The MCSA had previously argued that Section 604 could provide criminals with exploitable loopholes, making it more difficult for law enforcement to investigate crypto-related crimes. The MCSA said it still hopes the CLARITY Act will amend Section 309 to include state law enforcement agencies; that section requires the U.S. Department of the Treasury to study decentralized finance and illicit financial risks. (Cointelegraph).
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