Revised CLARITY Act Gains Support from Police Group and Crypto Association

A revised version of the Cryptocurrency Clarification Act (CLARITY Act) has garnered support from a police group and crypto association, expanding its backing.

The CLARITY Act aims to provide clarity on cryptocurrency-related crimes and establish clear guidelines for law enforcement agencies. The revised bill is seen as a step in the right direction by the International Association of Chiefs of Police (IACP) and the Blockchain Association.

The IACP has been vocal about its support for the CLARITY Act, stating that it will help to 'clarify what constitutes a crime involving cryptocurrency.' The Blockchain Association, on the other hand, believes that the revised bill will provide much-needed clarity for both law enforcement and the crypto community.