US law enforcement group moves to ‘neutral’ position on CLARITY Act
Despite earlier opposition to the CLARITY Act over consumer protection, the National Sheriffs’ Association says it will now “step back and allow the legislative process to proceed.“
The National Sheriffs’ Association (NSA) has shifted its stance on the CLARITY Act, moving to a neutral position. The US law enforcement group, which previously opposed the cryptocurrency market structure bill due to concerns over consumer protection, now believes the legislative process should proceed unimpeded. NSA president Troy Wellman and CEO Justin Smith declared that the "most appropriate course is to step back and allow the legislative process to proceed to establish a clear, effective, and much needed regulatory framework."
The NSA cited the extensive work done by Congress, the Administration, and stakeholders in navigating the legal, regulatory, and enforcement aspects of the bill as a reason for their change in position.
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