Close Menu
CoinNewsJunction.comCoinNewsJunction.com
    What's Hot

    Analyst Predicts Crypto Market Cap Could Hit $100T by 2030

    March 26, 2026

    Google backs $5B Texas AI data center for Anthropic

    March 29, 2026

    SEI Daily Active Addresses Hit 1.37 Million as Price Consolidates Above $0.12

    January 4, 2026
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram
    CoinNewsJunction.comCoinNewsJunction.com
    • News

      Axis Robotics Open-Sources One of the Largest Franka Arm Simulation Datasets for Physical AI

      September 4, 2026

      Chainlink deal to move $16 trillion with Bottomline lifts LINK

      September 3, 2026

      Fairshake enters US elections with $122M war chest

      September 2, 2026

      Rising Price Manipulation Attacks Increasingly Hurt Crypto Traders and Lenders

      September 1, 2026

      SEC Charges 38 Entities Over False Investment Adviser Filings

      August 31, 2026
    • Technology

      a16z says blockchain’s next test is fair execution, not raw speed

      September 4, 2026

      Sanders bill seeks permanent US ban on superintelligent AI

      September 3, 2026

      The NordVPN Dark Web Alert Everyone Mistook For a Hack

      September 2, 2026

      Ripple SettleMint Partnership Launches Tokenised Asset Platform

      September 1, 2026

      Kalshi bans George Santos for $17,839 market manipulation

      August 31, 2026
    • Learn/Guide

      OTC Crypto Prefunding: What 100% Upfront Actually Costs

      July 29, 2026

      Wadoozie ($WADZ): The Ethereum Memecoin With a 48-State Tour and Hidden Token Rewards

      May 7, 2026

      How to Optimize Company Operational Costs: A Manual on Modern Payment Ecosystems

      March 7, 2026

      6 Best Citizenship by Investment Programs for 2026

      February 24, 2026

      Best Smart Contract Auditors and Web3 Security Companies (2026): Ranked by Verifiable Public Evidence

      February 12, 2026
    • Regulation

      ZachXBT Called Hardware Wallets “Garbage”, Trezor Just Proved He Was Being Too Generous

      September 4, 2026

      Tron Address Poisoning Attacker Sits On $9.4M After Draining 15 Wallets In A Month

      September 3, 2026

      LONG (long.xyz) Review: The Launchpad Turning Robinhood’s Stock Tokens Into a New Asset Class

      September 2, 2026

      5 Places To Search For New Crypto Tokens To Buy In 2026

      September 1, 2026

      HEMI Just Jumped 29% in a Day After a String of August Announcements

      August 31, 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

    Axis Robotics Open-Sources One of the Largest Franka Arm Simulation Datasets for Physical AI

    September 4, 2026

    Chainlink deal to move $16 trillion with Bottomline lifts LINK

    September 3, 2026

    Fairshake enters US elections with $122M war chest

    September 2, 2026

    Rising Price Manipulation Attacks Increasingly Hurt Crypto Traders and Lenders

    September 1, 2026
    Top Posts

    Coinbase and Ripple seize Europe as Binance retreats under MiCA

    July 16, 2026

    Standard Chartered backs Bitcoin despite Strategy selloff fears

    July 10, 2026

    Binance’s CZ Comments on Blockchain During Cloudflare Outage

    November 18, 2025

    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

    Axis Robotics Open-Sources One of the Largest Franka Arm Simulation Datasets for Physical AI

    September 4, 2026

    Chainlink deal to move $16 trillion with Bottomline lifts LINK

    September 3, 2026

    Fairshake enters US elections with $122M war chest

    September 2, 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.