Justice Department’s Criminal Division raises concerns over crypto legislation’s impact on money laundering prosecutions
The Justice Department's Criminal Division warns that the CLARITY Act could hinder money laundering prosecutions and weaken DeFi oversight.
Justice Department’s Criminal Division raises concerns over crypto legislation’s impact on money laundering prosecutions
JUST IN: US JUSTICE DEPARTMENT PULLING SUPPORT FOR #BITCOIN AND CRYPTO CLARITY ACT –– PUNCHBOWL DOJ OFFICIALS SAY CLARITY WOULD "IMPOSE A HIGHER BURDEN OF PROOF" ON MONEY LAUNDERING TEXT CONTAINS TOO MANY PROTECTIONS FOR "DECENTRALIZED FINANCIAL PROTOCOL DEVELOPERS" IT RAISES "SIGNIFICANT CONCE
DOJ Warns CLARITY Act Could Weaken Crypto Crime Cases The U.S. Department of Justice's Criminal Division has raised concerns that parts of the CLARITY Act could make it harder for prosecutors to pursue illicit crypto activity. The DOJ's Criminal Division warned that Section 604 of the CLARITY Act