Law Enforcement, Catholic Groups Send Letters To U.S. Government Warning CLARITY Act Would Create Crypto Crime Loopholes

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A coalition of four major law enforcement organizations and a separate group of nearly 100 Catholic leaders sent letters Tuesday warning that a provision in the Digital Asset Market Clarity Act would weaken the oversight tools investigators and prosecutors rely on to combat financial crime.

The law enforcement letter, addressed to Acting Attorney General Todd Blanche and Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, came from the National District Attorneys Association, the National Association of Assistant United States Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association.

Together,…