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Law Enforcement Has One Major Concern With Congress' Crypto Bill
Law enforcement groups representing 70,000+ officers support the Digital Asset Market Clarity Act but are flagging four specific gaps: weak DeFi exemptions (Section 604), missing anti-money laundering safeguards, loopholes for mixers and tumblers, and unclear investigative authorities. Closing these gaps is now a prerequisite for Senate passage.
The Wire takeaway
If you run a DeFi platform or mixer, Section 604 is your current loophole - and law enforcement just handed Congress a blueprint to close it, starting with the Senate Banking Committee. The bill dies or gets tightened in the next 60 days; there's no middle ground.
Read the full story at lawenforcementtoday.com →
Topics: Fintech · crypto-regulation · compliance-gap · aml-enforcement · defi-oversight · senate-bill