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The National Sheriffs’ Association this week dropped its opposition to the crypto Clarity Act, after having previously warned that the proposed bill could help criminals.
Writing Thursday to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the association said it was changing its stance to neutral given how complex the issue is.
A number of lawmakers were hoping to vote on the Clarity Act in August. After a delay, a vote will now go ahead this month. The bill will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation that the crypto industry has long called for.
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