$ETH The National Fraternal Order of Police (FOP) has endorsed the latest version of the Digital Asset Market Clarity Act after lawmakers revised provisions that had raised concerns about cryptocurrency-related prosecutions.
Founded in 1915, the FOP describes itself as the largest law enforcement labor organization in the United States, representing more than 382,000 active and retired officers. Its size gives the group a prominent voice in federal debates affecting policing, criminal investigations, and officer resources.
In a July 24 letter to Senate Banking Committee Chairman Tim Scott and ranking member Elizabeth Warren, FOP National President Patrick Yoes said the organization’s concerns had been “satisfactorily addressed.”
The endorsement reverses the FOP’s earlier position. In its April opposition letter, the organization warned that language involving noncontrolling blockchain developers could restrict prosecutors pursuing financial crimes involving cryptocurrency.
Revisions clarified that protections for certain noncontrolling software developers and decentralized technologies would not curtail investigations, prosecutions, or the application of established criminal statutes.
Founded in 1915, the FOP describes itself as the largest law enforcement labor organization in the United States, representing more than 382,000 active and retired officers. Its size gives the group a prominent voice in federal debates affecting policing, criminal investigations, and officer resources.
In a July 24 letter to Senate Banking Committee Chairman Tim Scott and ranking member Elizabeth Warren, FOP National President Patrick Yoes said the organization’s concerns had been “satisfactorily addressed.”
The endorsement reverses the FOP’s earlier position. In its April opposition letter, the organization warned that language involving noncontrolling blockchain developers could restrict prosecutors pursuing financial crimes involving cryptocurrency.
Revisions clarified that protections for certain noncontrolling software developers and decentralized technologies would not curtail investigations, prosecutions, or the application of established criminal statutes.