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The U.S. MCSA takes a neutral stance on some provisions of the “CLARITY Act” and calls for further targeted strengthening of legislation
According to a recent post by financial reporter Eleanor Terrett on X, the U.S. Major County Sheriffs’ Association (MCSA) announced in a letter to the leadership of the Senate Banking Committee that it has adjusted its stance on some parts of the “CLARITY Act” to “neutral.”
Previously, the association expressed concerns about the bill. However, after ongoing discussions in recent days regarding Section 604 (i.e., the “Blockchain Regulatory Certainty Act”), the association ultimately decided to revise its position.
MCSA president Bob Gualtieri said that, following continued review of the bill, he believes there is still an opportunity for it to “support responsible innovation and meet the real-world needs of state and local law enforcement,” thereby further strengthening legislation.
The association also encouraged continued discussion and specifically urged Congress to amend the bill, aiming to give state and local law enforcement agencies the opportunity to play a formal role within the Treasury Department and relevant advisory bodies.
MCSA emphasized that because state and local agencies investigate the vast majority of crimes involving digital assets, they should play a more meaningful role in shaping policy recommendations.
In addition, MCSA said that establishing a new federal framework must be accompanied by adequate resources to enable effective implementation by state and local law enforcement agencies, including training, technology, forensic and evidence-collection capabilities, and investigative resources.
The association warned that criminal organizations are increasingly using digital assets to facilitate and conceal criminal activities, including drug trafficking, fraud, ransomware, child exploitation, organized retail theft, and terrorism financing.
Although the association has shifted to a neutral stance, MCSA said it will continue to work with Congress and the government to seek targeted improvements to the bill, in order to better support frontline law enforcement agencies in addressing increasingly complex digital-asset-related crime.
Overall, this shift in MCSA’s position not only reflects a subtle change in law enforcement’s attitude in the federal cryptography legislative battle, but also adds a few new variables to the eventual passage of the “CLARITY Act.”
#MCSA #CLARITY法案
According to a recent post by financial reporter Eleanor Terrett on X, the U.S. Major County Sheriffs’ Association (MCSA) announced in a letter to the leadership of the Senate Banking Committee that it has adjusted its stance on some parts of the “CLARITY Act” to “neutral.”
Previously, the association expressed concerns about the bill. However, after ongoing discussions in recent days regarding Section 604 (i.e., the “Blockchain Regulatory Certainty Act”), the association ultimately decided to revise its position.
MCSA president Bob Gualtieri said that, following continued review of the bill, he believes there is still an opportunity for it to “support responsible innovation and meet the real-world needs of state and local law enforcement,” thereby further strengthening legislation.
The association also encouraged continued discussion and specifically urged Congress to amend the bill, aiming to give state and local law enforcement agencies the opportunity to play a formal role within the Treasury Department and relevant advisory bodies.
MCSA emphasized that because state and local agencies investigate the vast majority of crimes involving digital assets, they should play a more meaningful role in shaping policy recommendations.
In addition, MCSA said that establishing a new federal framework must be accompanied by adequate resources to enable effective implementation by state and local law enforcement agencies, including training, technology, forensic and evidence-collection capabilities, and investigative resources.
The association warned that criminal organizations are increasingly using digital assets to facilitate and conceal criminal activities, including drug trafficking, fraud, ransomware, child exploitation, organized retail theft, and terrorism financing.
Although the association has shifted to a neutral stance, MCSA said it will continue to work with Congress and the government to seek targeted improvements to the bill, in order to better support frontline law enforcement agencies in addressing increasingly complex digital-asset-related crime.
Overall, this shift in MCSA’s position not only reflects a subtle change in law enforcement’s attitude in the federal cryptography legislative battle, but also adds a few new variables to the eventual passage of the “CLARITY Act.”
#MCSA #CLARITY法案
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