NSA Shifts Stance on CLARITY Act Amid Tight Deadline
The National Sheriffs' Association (NSA) has changed its stance on the CLARITY Act, moving from active opposition to neutral. In a letter dated September 3, NSA Executive Director Justin Smith and Sheriff Troy Wellman of Moody County, South Dakota, informed Senate Majority Leader John Thune and Minority Leader Chuck Schumer that they are stepping back due to the bill's complexity.
The CLARITY Act aims to regulate cryptocurrencies, but its passage is facing a tight deadline. The Senate holds its first procedural vote on September 15, while House Republican leadership has canceled the chamber's final two sessions in September. This leaves only two days for the Senate to pass amendments that would need House approval.
The NSA's neutral stance may not be a green light for the bill, but it is a significant retreat from their previous opposition. With institutional support from Wall Street firms like BlackRock, Goldman Sachs, and Fidelity, plus a recent push from President Trump, fewer active opponents means fewer objections for Senate holdouts to cite.