More support has been thrown behind the Clarity Act as lawmakers rush to get the long-awaited bill over the line. This time from the Major Cities Chiefs Association.
The nonprofit — made up of police chiefs from major U.S. cities — said Thursday that it was happy with how the bill addresses financial crime.
Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version.
“The most recent changes to the legislation have earned MCCA’s support,” a letter from the organization, first posted on X by Semafor White House reporter Eleanor Mueller, reads.
“Critically, the bill now includes a new title with additional law enforcement provisions,” it continued, adding that the latest update “represents a meaningful step toward improving the ability of law enforcement to investigate financial crimes involving digital assets.”
Last week, The National Fraternal Order of Police said it supported the bill. And Democratic Senator Catherine Cortez Masto this week sent some suggested changes to the bill, along with two law enforcement groups, that she said they felt “good” about.
Major financial institutions, lawmakers and companies have said they support the latest draft of the new bill, but a group of Democrats last week said in a statement that the legislation in its current form falls short.
Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026. The banking lobby raised concerns over stablecoin yield and some lawmakers have said improvements need to be made surrounding ethics.
An updated bill of the Clarity Act was introduced last week that addressed some of these concerns — banning government officials and their families from issuing or promoting crypto.
Democrats — and some Republicans — have criticized President Trump’s crypto business interests, with some alleging conflicts of interest as his family has made money from meme coins and the decentralized finance protocol, World Liberty Financial.
Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. The long-awaited bill aims to create a regulatory framework for the cryptocurrency market in the U.S.
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