US prosecutors propose changes to CLARITY as voting window narrows: Report

Organizations representing law enforcement officials in the US have reportedly proposed changes to a comprehensive cryptocurrency market structure bill under consideration in the Senate, with only days left until the chamber breaks for a month-long recess.According to a Tuesday Politico report, the National Association of Assistant US Attorneys and the National District Attorneys Association sent a letter to the White House asking for changes on provisions regarding developers in the Digital Asset Market Clarity (CLARITY) Act. The changes proposed to the Blockchain Regulatory Certainty Act (BRCA) within the CLARITY Act included that guidelines on developers not “create, expand, or modify criminal liability under Federal law.”In response to reports on the proposed changes, White House crypto adviser Patrick Witt said that the provisions were “not even close” to the Trump administration’s position, and implied that it was not the result of “productive negotiations.” Senator Catherine Cortez Masto has reportedly been pushing the White House to address the BRCA before any potential vote.The provisions came as the CLARITY Act faces pushback from many Democrats over ethics rules in the b...