Close Menu
CoinNewsJunction.comCoinNewsJunction.com
    What's Hot

    AI Chip Market Statistics 2026: NVIDIA, AMD, Broadcom and More

    October 21, 2026

    Tesla’s market cap hits $1.5 trillion for the first time ever after adding $900 billion in 8 months

    December 15, 2025

    Largest Sustained Liquidation Phase Since 2021

    February 13, 2026
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram
    CoinNewsJunction.comCoinNewsJunction.com
    • News

      Canada P2P crypto activity falls as student permit numbers decline

      October 22, 2026

      Project Eleven and Relm Explore Quantum Risks in Crypto Insurance

      October 21, 2026

      South Korea Faces Fresh Push To Delay Crypto Gains Tax Until 2029

      October 20, 2026

      Bitcoin inflows to US set to turn positive in 2026, Chainalysis says

      October 16, 2026

      State of TRON Q3 2026 Report Highlights $2.21 Trillion in Stablecoin Settlement Amid Network Activity Growth

      October 14, 2026
    • Technology

      Monero Rally Tests $558 as XMR Open Interest Reaches $261M

      October 22, 2026

      Luganodes opens TRON RPC access with 25M free monthly compute units

      October 21, 2026

      Five Academics Say Reg Crypto Should Be Re-proposed

      October 20, 2026

      White House Crypto Leadership Gap Grows as Patrick Witt Exits

      October 19, 2026

      Shield Swap partners with Flowdesk for confidential institutional trading

      October 18, 2026
    • Learn/Guide

      What Happens to Your Crypto If an Exchange Goes Bankrupt?

      October 22, 2026

      AI Chip Market Statistics 2026: NVIDIA, AMD, Broadcom and More

      October 21, 2026

      How Much Can You Realistically Make From Crypto Staking?

      October 20, 2026

      AI Agent Statistics 2026: Adoption, Costs and Results

      October 19, 2026

      Tokenized Real-World Assets Statistics 2026: Market Size, Growth and Top Asset Classes

      October 18, 2026
    • Regulation

      Ulga podatkowa MicroStrategy. Co oznacza dla rynku krypto?

      October 22, 2026

      Sky’s New Auditor Rankings and October 22 Deadline: Why CertiK Was Left Out

      October 21, 2026

      Cronos v1.8 Embeds Its Parallel Engine in the SDK and Here Is What That Means

      October 16, 2026

      Who’s Next After Bitwise’s Nine ETFs? Nine Filed Coins Are Still Waiting

      October 15, 2026

      WLFI Staking Locks 54.18 Million Tokens in Its First Two Weeks representing 0.17 Percent of Circulating Supply

      October 14, 2026
    • Live Pricing Chart
    CoinNewsJunction.comCoinNewsJunction.com
    Home»News»First Law Enforcement Group Backs CLARITY Act as Lummis Continues to Press for July Senate Vote
    News

    First Law Enforcement Group Backs CLARITY Act as Lummis Continues to Press for July Senate Vote

    July 3, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    First Law Enforcement Group Backs CLARITY Act as Lummis Continues to Press for July Senate Vote
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key Takeaways

    • NOBLE endorsed the Clarity Act on July 2, the first major law enforcement group to back the crypto bill.
    • Senator Lummis is pressing for a July Senate vote, with a July 13-Aug. 7 window before the August recess.
    • The bill needs 7 Democratic crossovers to reach 60 votes; Galaxy Research puts 2026 passage odds at 50%.

    An Unexpected Ally

    The National Organization of Black Law Enforcement Executives (NOBLE) publicly endorsed the Digital Asset Market Clarity Act on July 2, becoming the first major law enforcement organization formally backing the market-structure legislation. Journalist Eleanor Terrett first reported the endorsement, which arrived in a letter to Senate lawmakers as negotiations on the bill’s final text entered their closing stretch.

    Image source: National Organization of Black Law Enforcement Executives

    The backing lands at a time when Wyoming Republican Senator Cynthia Lummis, one of the bill’s leading champions, postured the legislation the same day as a matter of national competitiveness, adding:

    “America has led every great technological revolution; the railroad, the internet, the smartphone. Digital assets are next. The Clarity Act makes sure we don’t hand that lead to someone else.”

    Law enforcement support addresses one of the loudest criticisms of the 309-page bill, i.e. it could weaken tools for policing illicit finance. In its letter, NOBLE argued the opposite, writing that the legislation “preserves existing criminal justice authorities while adding investigative tools for digital-asset cases.”

    What the Letter States Exactly

    For starters, NOBLE’s endorsement singles out the bill’s enforcement architecture, pointing to anti-money laundering (AML) and Bank Secrecy Act coverage for digital-asset intermediaries under Section 201, sanctions enforcement tools in Section 303, and Section 305 authority for temporary holds on suspicious transactions.

    The organization also addressed Section 604, which houses the Blockchain Regulatory Certainty Act (BRCA), a provision shielding non-custodial software developers from money-transmitter licensing. Rather than treating it as a loophole, NOBLE noted:

    “[The bill would] expand regulatory obligations for digital-asset industry participants, strengthen digital-asset seizure authority and transparency, and tighten oversight of virtual-asset kiosks.”

    That language goes directly against warnings issued by Senator Elizabeth Warren, the Massachusetts Democrat who voted against the measure when the Senate Banking Committee advanced it 15-9 in May. With the first major police organization now on the record saying the legislation strengthens rather than starves enforcement, the illicit-finance argument becomes harder to press on the floor.

    The Clock Is the Real Opponent

    As Bitcoin.com News reported earlier this week, Senate Republican leadership is racing to pass the bill before the August recess, with a critical four-week window running from July 13 to Aug. 7. The National Defense Authorization Act could consume the week of July 13, potentially pushing the Clarity Act’s floor time to late July or early August (and a miss before recess would dim passage prospects into 2027).

    The vote math remains tight, as Republicans hold 53 seats, meaning at least seven Democratic crossovers are needed to clear the 60-vote filibuster threshold. Galaxy Research puts the odds of passage this year at roughly 50%. Senate Banking Committee Chair Tim Scott and Majority Leader John Thune are coordinating the floor schedule, while Lummis has publicly set July as her deadline for a vote.

    Regardless, the NOBLE endorsement gives wavering Democrats a law enforcement constituency, rather than the crypto industry, vouching for the bill’s investigative teeth. Whether that is enough to pry loose seven votes may become clear within the coming few weeks.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Canada P2P crypto activity falls as student permit numbers decline

    October 22, 2026

    Project Eleven and Relm Explore Quantum Risks in Crypto Insurance

    October 21, 2026

    South Korea Faces Fresh Push To Delay Crypto Gains Tax Until 2029

    October 20, 2026

    Bitcoin inflows to US set to turn positive in 2026, Chainalysis says

    October 16, 2026
    Top Posts

    Will BTC drop to $80K?

    December 25, 2025

    Fairshake plans $6m push for six US House candidates

    October 6, 2026

    Standard Chartered backs Bitcoin despite Strategy selloff fears

    July 10, 2026

    Welcome to CoinNewsJunction.com! Your go-to source for fast, reliable updates from the ever-evolving world of cryptocurrency. Whether it's Bitcoin, altcoins, blockchain breakthroughs, or DeFi trends, we bring you timely insights, expert analysis, and key developments shaping the future of digital finance. Stay ahead with real-time crypto news and in-depth coverage.

    Top Insights

    Canada P2P crypto activity falls as student permit numbers decline

    October 22, 2026

    Project Eleven and Relm Explore Quantum Risks in Crypto Insurance

    October 21, 2026

    South Korea Faces Fresh Push To Delay Crypto Gains Tax Until 2029

    October 20, 2026
    Advertisement
    Demo
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    © 2026. Designed by CoinNewsJunction.com.

    Type above and press Enter to search. Press Esc to cancel.