Major US sheriffs' organization drops opposition to the CLARITY Act cryptocurrency legislation.
Regulation & Gov ·
The Major County Sheriffs' Association (MCSA) has withdrawn its opposition to the CLARITY Act, a piece of cryptocurrency legislation that has faced delays in the Senate. A crypto investor described the MCSA's initial stance as one of the "biggest roadblocks" preventing passage, with observers noting that removing this obstacle improves the bill's path forward.
The CLARITY Act has enjoyed bipartisan backing but has stalled in the Senate since May, when the Banking Committee approved it. Banking groups have opposed the bill primarily over concerns about stablecoin yield products, arguing they function as unregulated deposits that could redirect trillions of dollars away from traditional financial institutions. Senators supporting the measure are pushing for a full Senate vote this month before the November midterm elections.
The MCSA conditioned its withdrawal on an amendment to include state law enforcement in the Treasury Department's decentralized finance and illicit finance risk study required under Section 309. The association's leadership has emphasized that state and local agencies need adequate training, technology, and resources to investigate crimes involving digital assets—including fraud, narcotics trafficking, ransomware, and child exploitation. What remains unclear is whether Congress will accept the proposed amendment and whether a Senate vote will occur as supporters hope.