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Cynthia Lummis

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Image for Clarity Act Gets First Law Enforcement Org's Support as Senators Push to Pass Crypto Bill
via: coingape.com

Clarity Act Gets First Law Enforcement Org's Support as Senators Push to Pass Crypto Bill

In a major development for the Clarity Act, the crypto bill has secured its first public endorsement from a major law enforcement organization. This comes as Senators such as Cynthia Lummis and Senate Banking Committee Chair Tim Scott push to pass the ClarityAct before the August recess.

NOBLE Becomes First Major Law Enforcement to Endorse Clarity Act

The National Organization of Black Law Enforcement Executives (NOBLE) has endorsed the Clarity Act. It becomes the first major law enforcement organization to publicly support the legislation, which includes the Blockchain Regulatory Certainty Act (BRCA).

NOBLE endorsed the Clarity Act for enhanced enforcement capabilities. The group sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, stating that provisions in the crypto bill “provide law enforcement with meaningful new capabilities while preserving longstanding criminal enforcement authorities.”

It highlighted enhanced law enforcement capabilities against money laundering, digital asset kiosk crime, and unlicensed money transmitting businesses.

The Clarity Act incorporates the Blockchain Regulatory Certainty Act to offer regulatory safe harbors for non-custodial blockchain developers. The endorsement also countered opposition from other law enforcement groups, claiming the legislation “does not alter the longstanding federal criminal authorities that investigators and prosecutors rely upon every day.”

As CoinGape reported, the National Sheriffs’ Association and the International Association of Chiefs of Police raised concerns about gaps criminals could exploit and the need to address on-chain crime.

Senators Push to Pass Before August Recess

Lawmakers are negotiating primarily over ethics and law enforcement provisions before the full Senate returns from its July recess on July 13. Notably, the House Financial Services Committee scheduled a hearing on July 17 to discuss how the Clarity Act unlocks innovation.

However, the major concern is whether the crypto bill gets passed before the Senate’s long recess starting August 10. Pro-crypto senators such as Cynthia Lummis publicly blasted Elizabeth Warren for attacking the crypto bill’s progress after President Trump disclosed $1.4 billion in crypto income.

Meanwhile, Senate Banking Committee Chair Tim Scott pushes the Senate to pass the Clarity Act. In a recent statement on Thursday, he said “The Clarity Act provides clear rules of the road for digital assets, protecting consumers and helping keep the future of finance in America.”