Police group backs Clarity Act after revisions addressed concerns

A revised Senate crypto market-structure draft won Fraternal Order of Police support and includes white hat hacker rewards, but seven Democratic senators say it still falls short of bipartisan standards.

31d ago

Fact Check

The claim is directly confirmed by Eleanor Terrett's original X post, which matches the claim's wording precisely, including the specific nuance that the BRCA language the FOP cited appears unchanged. PANews explicitly attributes the same report to Terrett. Independent X posts (Crypto Banter, TFTC) corroborate that the FOP told Senate Banking leaders Scott and Warren it supports the updated bill and that the BRCA developer safe harbor survived intact. CryptoSlate confirms the FOP's prior April opposition, making the reported reversal consistent with the record.

Summary

The National Fraternal Order of Police endorsed the latest Digital Asset Market Clarity Act draft after revisions clarified that protections for certain noncontrolling blockchain developers and decentralized technologies would not limit crypto-related investigations or prosecutions. The Senate proposal also includes rewards for white hat hackers, according to a source that said the draft had input from former CFTC Chair J. Christopher Giancarlo. Even with those changes, seven Democratic senators said the Republican text still does not meet bipartisan standards on ethics, consumer protection, illicit finance, conflicts of interest and market integrity.

Terms & Concepts

noncontrolling blockchain developers: Software developers who help build blockchain-based systems but do not control how a network or platform is run.
Bank Secrecy Act: A U.S. law requiring financial firms to help detect and report potential money laundering and other illicit finance activity.
white hat hackers: Ethical hackers who test systems for security flaws.