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Four U.S. Law Enforcement Groups Raise Concerns About Clarity Act Section 604, Citing Regulatory Gaps

Regulation & Policy Enforcement Actions

2026-06-24 00:31:07

According to Fox Business, four U.S. law enforcement organizations have written to government officials expressing concern that Section 604 of the Clarity Act could create regulatory and accountability gaps, potentially hindering investigations and prosecutions of illegal activities. The organizations also stated that the bill fails to establish safeguards commonly used in traditional finance and may exempt some crypto participants from certain KYC/AML reporting requirements.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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