Police group backs Clarity Act after revisions addressed concerns

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.

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