Democratic Senator Catherine Cortez Masto, along with two law enforcement groups, the National Association of Assistant U.S. Attorneys and the National District Attorneys Association, have sent proposed changes to the Clarity Act to the White House. These modifications address protections for crypto software developers against prosecution for illicit activity committed by others on their platforms. Lawmakers are hoping the bill, which would establish crypto regulation in the U.S., passes before Congress departs for August recess. Some sticking points remain, particularly around stablecoins and ethics provisions banning officials and their families from issuing or promoting crypto.
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