Law enforcement groups, including the American Association of… — Crypto Prairie — TG.ME

Law enforcement groups, including the American Association of Sheriffs and the American Association of District Attorneys, have sent a letter to members of Congress opposing a provision in the Senate's Cryptocurrency Market Structure Act that protects DeFi software developers from being designated as remittance institutions, arguing that the provision weakens the ability to combat financial crime. Senate Banking Committee Chairman Tim Scott and Senator Cynthia Lummis insist the provision is unalterable, and the crypto industry refuses to change the text. Democratic Senator Chuck Grassley and others have called for wording adjustments, and the bill's ability to gain bipartisan support and proceed to the next stage of review remains uncertain.🙊🙊🙊