The Blockchain Association, one of the industry’s largest advocacy groups, urged Senate leadership to move forward with the long-awaited CLARITY Act in a letter sent Tuesday to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, and signed by 160 former national security, intelligence, and law enforcement professionals.
The signatories assert that without a clear federal framework, cryptocurrency-related activity could continue to move out of the country and into markets they describe as murky — making it difficult for U.S. investigators to access, monitor and prosecute financial crimes.
Key Clarity Act Provisions
Blockchain Association letter Emphasizes that the CLARITY Act would expand law enforcement and financial crime prevention capabilities across the digital assets ecosystem.
It highlights several enforcement-focused measures aimed at improving detection, coordination and accountability. Among the key provisions described are strengthened anti-illicit finance obligations, including an expanded bank secrecy law (BSA) and sanctions requirements.
The letter also notes Treasury-led information sharing with the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), the Drug Enforcement Agency (DEA), and the private sector.
The group further says that the bill would strengthen safeguards for Digital asset kiosksciting requirements aimed at improving oversight. These include transaction monitoring and reporting duties, transaction limits, anti-fraud provisions, and designated law enforcement contact points.
The Blockchain Association says these tools are especially important for seniors and other Americans who are frequently targeted by scams, and frames the measures as enhancements to enforcement rather than reductions in regulation.
“These are not editorial actions,” the letter says, describing the proposal instead as a way to improve visibility, coordination, compliance and accountability across digital asset markets.
The way forward
To reinforce this message, the Blockchain Association is also scheduled to host a virtual town hall on Thursday focusing on how to support the legislation Law enforcement and national security.
The event is expected to include participation from Senator Cynthia Lummis, Majority Whip Tom Emmer, and Patrick Witt, White House Executive Director of the President’s Council of Advisors on Digital Assets.
Amid the group’s advocacy, momentum for the CLARITY Act has already been building. After the Agriculture Committee successfully approved its portion of the bill in January, the Agriculture Committee’s portion of the bill advanced as well. with These steps are completedA full Senate vote is expected this summer.
Even if the Clarity Act wins Senate approval, the legislation will still face a second major hurdle: House approval. The House had previously worked on a version of the bill, passing a different draft last fall.
As a result, the Senate’s final text may need to be further reconciled with the previous House version before it can move forward.
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