White House to Meet Law Enforcement Over CLARITY Act's Illicit Finance Concerns
By
Debashree Patra
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
The White House is hosting law enforcement groups this week to address concerns that the CLARITY Act's developer-protection clause could hinder efforts to combat illicit finance. The bill has advanced to the Senate Legislative Calendar but faces challenges securing enough votes for a floor vote. The key point of contention is a provision protecting developers, which law enforcement worries may impede financial crime investigations.
Key quotes
· 3 pulledAdministration officials will host law enforcement groups at the White House on Wednesday in a direct effort to address concerns that specific provisions in the CLARITY Act could hamper efforts to combat illicit finance
Being placed on the Senate Legislative Calendar was the easy part, but getting enough votes for a floor vote is proving more complicated
The provision under scrutiny is a developer-protection clause derived from the Bl
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