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Edition 2026-07-04

CRYPTO

Major County Sheriffs Shift to Neutral Stance on CLARITY Act DeFi Provision

Major County Sheriffs of America said it has withdrawn its opposition to the DeFi provision of the CLARITY Act and adopted a neutral stance after reviewing the legislation.

By cryptonews · 53d ago · Source: cryptonews

Full article

Major County Sheriffs of America said it has withdrawn its opposition to the DeFi provision of the CLARITY Act and adopted a neutral stance after reviewing the legislation. The organization proposed amendments that would give state and local law enforcement agencies a formal role in the Treasury study required by Section 309 of the bill and in any advisory groups created under the law. The sheriffs noted that continued discussions with the Trump administration provided additional clarity on how the DeFi language would be interpreted if enacted. While the group did not endorse the provision unconditionally, it emphasized the need for adequate funding and resources for state and local authorities tasked with enforcement. The National Organization of Black Law Enforcement Executives (NOBLE) also expressed support, saying the act would enhance investigative capabilities while preserving existing enforcement powers. Senate leaders have reset the legislative schedule, with the final text expected to be released this weekend and floor debate slated for after the July 13 recess. Bloomberg Intelligence estimates a roughly 60% probability of the CLARITY Act passing in July, and Polymarket indicates more than 50% odds that President Trump will sign it before the end of the year. Senator Kirsten Gillibrand has continued to call for ethics restrictions on crypto activity by members of Congress as the Senate prepares to consider the bill.

Source transparency

Publisher
cryptonews
Reliability
high
Published
7/4/2026, 10:00:21 AM
Retrieved
7/4/2026, 10:00:21 AM
Relevance
80%
Confidence
85%
Read original at cryptonews

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