Nearly 100 Catholic Leaders Oppose CLARITY Act Over Trafficking Safeguard Provisions
Jun 23 2026 21:38 UTC - The Defiant Team
➤ Nearly 100 Catholic leaders and the Alliance to End Human Trafficking oppose the CLARITY Act, specifically Section 604.
➤ They argue that a provision exempting non-custodial developers from money-transmitter rules would create loopholes exploitable for human trafficking and other financial crimes.
➤ Industry groups like the Digital Chamber defend the provision, stating it's crucial for non-custodial developers who don't operate like banks, while the bill faces an upcoming Senate vote.
Read more at: https://rwatimes.io/articles/thedefiant-nearly-100-catholic-leaders-oppose-clarity-act-over-trafficking-safeguard-provisions-2472644433?utm_source=binance
Jun 23 2026 21:38 UTC - The Defiant Team
➤ Nearly 100 Catholic leaders and the Alliance to End Human Trafficking oppose the CLARITY Act, specifically Section 604.
➤ They argue that a provision exempting non-custodial developers from money-transmitter rules would create loopholes exploitable for human trafficking and other financial crimes.
➤ Industry groups like the Digital Chamber defend the provision, stating it's crucial for non-custodial developers who don't operate like banks, while the bill faces an upcoming Senate vote.
Read more at: https://rwatimes.io/articles/thedefiant-nearly-100-catholic-leaders-oppose-clarity-act-over-trafficking-safeguard-provisions-2472644433?utm_source=binance