The White House is sitting down with law enforcement groups this week to hash out concerns about the Digital Asset Market Clarity Act, the sweeping crypto regulatory bill that cleared the Senate Banking Committee last month. The two-day meeting, scheduled for June 9-10, comes as debate intensifies over whether the legislation does enough to prevent bad actors from exploiting digital assets.
The CLARITY Act, formally designated H.R. 3633, represents an attempt to draw clear lines between SEC and CFTC jurisdiction over digital assets.
What law enforcement wants changed
Law enforcement groups worry that certain provisions in the bill, particularly developer liability protections inherited from the Blockchain Regulatory Certainty Act, could make it harder to pursue criminals using crypto for illicit financing. Investigators are also flagging what they see as gaps in regulatory tools designed to track sanctions evasion and monitor mixer services.
Patrick Witt, a White House official, has called the CLARITY Act “the most pro-law enforcement crypto bill ever considered by Congress.”
