The White House held a series of meetings in early June bringing together law enforcement officials, administration staff, and congressional representatives to hash out concerns about the Digital Asset Market Clarity Act. The central worry: that provisions designed to protect blockchain developers might also give cover to criminals.
The meetings, held June 8-10, represent a notable shift in tone for an administration that has largely positioned itself as pro-crypto.
What’s actually in the bill, and why cops care
The Clarity Act aims to sort out one of crypto’s longest-running jurisdictional headaches. It would hand primary oversight of digital commodity spot markets to the Commodity Futures Trading Commission, while the Securities and Exchange Commission retains limited authority.
Embedded within the broader legislation is the Blockchain Regulatory Certainty Act, or BRCA, introduced in January 2026 by Senators Cynthia Lummis and Ron Wyden. The BRCA creates a safe harbor for developers who don’t control user funds, exempting them from being classified as money transmitters.
