Illicit Finance

A key group of Senate Democrats says the latest Digital Asset Market Clarity Act draft needs stronger provisions before it can advance. The objections focus on ethics for elected officials, consumer protection, illicit finance, conflicts of interest and market integrity.

The White House is expected to meet with law enforcement representatives as it works to advance the Senate’s crypto market structure bill. The talks come amid disputes over the Clarity Act’s protections for developers and its anti-crime provisions.