Fraternal Order of Police Backs Clarity Act Amid Crypto Regulation Push

The National Fraternal Order of Police has given its support to the Clarity Act, a crypto market structure bill aimed at setting in stone digital asset regulation. The organization's endorsement is the latest development in the bill's progress.

In a statement addressed to Democratic senators Elizabeth Warren and Timothy Eugene Scott, the fraternal organization expressed approval for the revised bill. The FOP works to improve working conditions for law enforcement officers, and the group sees the Clarity Act as beneficial for this cause.

The latest draft of the bill includes provisions aimed at protecting consumers, investigating financial crimes, and coordinating with federal partners. It also establishes safeguards against fraud and victimization involving digital asset kiosks and related activity.