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Clarity Act Wins First Law Enforcement Endorsement As US Senators Push For Crypto Bill

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Clarity Act Wins First Law Enforcement Endorsement As US Senators Push For Crypto Bill
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The Clarity Act just received its first public endorsement from a major U.S. law enforcement group, giving new momentum to the proposed crypto bill as lawmakers try to pass it before the Senate’s August break. The National Organization of Black Law Enforcement Executives (NOBLE) supports the bill, saying it would help fight financial crime while keeping current investigation powers in place. Senators Cynthia Lummis and Tim Scott are still urging Congress to approve the legislation.

NOBLE said the Clarity Act would give law enforcement better tools to fight money laundering, digital asset kiosk fraud, and unlicensed money transmission. In a letter to Senate leaders John Thune and Chuck Schumer, the group said the bill improves investigations without reducing existing enforcement powers.

The bill also includes the Blockchain Regulatory Certainty Act (BRCA), which aims to give clear rules and legal protections to non-custodial blockchain developers. NOBLE says the proposal does not take away any powers from investigators or prosecutors handling crypto crimes.

This endorsement comes even though some other law enforcement groups are opposed. The National Sheriffs’ Association and the International Association of Chiefs of Police have said they worry some parts of the bill could create loopholes that criminals might use in blockchain networks.

Right now, lawmakers in Washington are working on ethics rules and law enforcement protections before the Senate meets again later this month. At the same time, the House Financial Services Committee plans to hold a hearing on July 17 to talk about how the Clarity Act could support innovation in digital assets.

Supporters are working quickly to get Senate approval before the August recess. Senator Cynthia Lummis has often defended the bill and criticized any delays. Senate Banking Committee Chairman Tim Scott also restated his support, saying the bill would set clear rules, protect consumers, and help keep digital finance strong in the U.S.

Market expectations are rising as well. Bloomberg Intelligence now estimates a 60% chance the bill will pass this month, and prediction site Polymarket has raised the odds of it becoming law later this year.

 

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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