Crypto’s Clarity Act Has a New Enemy: Catholic Leaders
Decrypt·
60-second summary
A group of 82 Catholic leaders is opposing a key provision in the Crypto's Clarity Act, arguing it could enable human trafficking by shielding software developers from prosecution. This provision aims to protect developers from liability for facilitating transactions on unregistered exchanges. The Catholic leaders' opposition may impact the bill's passage and crypto industry regulations.
A group of 82 Catholic leaders warned a key provision of the crypto bill, protecting software developers from prosecution, could enable human trafficking.