CLARITY Act Gains Ground with Law Enforcement Pivot
The National Sheriffs' Association announced it will adopt a neutral position on the CLARITY Act, reversing its previous opposition to the legislation. The law enforcement organization had warned the bill would shield crypto-related crime, but now says it will 'step back and allow the legislative process to proceed.'
The shift removes a significant institutional obstacle to the bill's advancement. The move reflects evolving calculations within the law enforcement community regarding crypto regulation, though the Association's earlier concerns about consumer protection and criminal activity have not been officially withdrawn or resolved.
Regulatory Scrutiny Continues on Crypto Trading Platforms
Kalshi, a prediction market platform, has experienced significant growth alongside intensified legal scrutiny. US web traffic to Kalshi climbed more than 1,500% in less than a year, with trading volume expanding at an even faster rate, even as regulatory pressure on its sports contracts mounted.
