American MCSA No Longer Opposes CLARITY Act, Shifts Stance to Neutral

Odaily Planet Daily News The Major County Sheriffs of America (MCSA), in a letter to U.S. Senate Banking Committee Chairman Tim Scott and Senator Elizabeth Warren, stated that after some of its concerns regarding Section 604 of the bill were addressed, it has shifted its stance on the CLARITY Act to "neutral." Section 604 pertains to the Blockchain Regulatory Certainty Act, which aims to protect developers from being held liable for illegal activities conducted by users on their decentralized platforms. MCSA previously stated that Section 604 could provide loopholes for criminals to exploit, making it more difficult for law enforcement to investigate crypto-related crimes. MCSA said it still hopes the CLARITY Act will amend Section 309 to include state law enforcement agencies, a section that requires the U.S. Treasury Department to study decentralized finance and illicit finance risks. (Cointelegraph).