Catholic leaders, US authorities challenge CLARITY Act over illicit activity
CoinTelegraph·
60-second summary
Catholic leaders and US authorities are challenging the CLARITY Act, citing concerns over illicit activity. Law enforcement associations argue that regulatory certainty should not compromise accountability, transparency, victim protection, or public safety. This pushback raises questions about the law's effectiveness in addressing illicit activity, potentially impacting cryptocurrency regulations and market stability.
“Regulatory certainty should not come at the expense of accountability, transparency, victim protection, or public safety,” the law enforcement associations said.