Odaily Planet Daily reports: The Association of Assistant U.S. Attorneys and the National District Attorneys Association have sent a letter to the White House requesting revisions to the Clarity Act’s provisions regarding developers, including ensuring that developer guidelines “do not create, expand, or modify criminal liability under federal law.” White House crypto advisor Patrick Witt responded that these changes “are far from the administration’s position” and suggested they “would not lead to productive negotiations.” Senator Catherine Cortez Masto is pushing the White House to resolve the issue before voting. The Clarity Act also faces opposition from Democrats over ethical provisions related to Trump’s crypto investments. Senate Majority Leader John Thune has not yet scheduled a vote, having previously indicated that the bill is unlikely to pass before the August recess.
U.S. Prosecutors Urge Revisions to the Clarifying Lawful Overseas Use of Data (CLOUD) Act Developer Clause
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Summary
CFT concerns and liquidity in crypto markets are central as U.S. prosecutors push for revisions to the Clarity Act’s developer provisions. The National Association of Assistant U.S. Attorneys and the Association of State Prosecutors urged the White House to ensure guidelines do not expand criminal liability. Patrick Witt called the proposals misaligned with government goals. Senator Cortez Masto seeks resolution before a vote, while Democratic opposition persists over Trump-era ethics rules. A vote is unlikely before August.
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