Nearly 100 Catholic leaders oppose Clarity Act over weakened safeguards against illicit finance and trafficking

60-second summary

Nearly 100 Catholic leaders are opposing the Clarity Act due to weakened safeguards against illicit finance and trafficking. The Alliance to End Human Trafficking, backed by Catholic organizations, is pushing back against the sweeping cryptocurrency bill. This opposition could impact the bill's passage, potentially delaying or altering its implementation, affecting the cryptocurrency industry's efforts to combat illicit activities.