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Event File CRYPTO CLARITY Act

Anti-Trafficking Group Warns Clarity Act Could Weaken Crypto Developer Accountability

1 reports · First detected 2026-06-26 · Last active 2026-06-26

The Digital Asset Market Clarity Act (H.R. 3633) aims to clarify the division of regulatory authority between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. Section 604 incorporates the Blockchain Regulatory Certainty Act, specifying that developers of noncustodial software who do not control customer assets are not money transmitters. The dispute centers on whether such legal certainty would also weaken anti-money-laundering monitoring and criminal investigative tools.

On June 22, 2026, the Coalition to End Human Trafficking, joined by the Jesuit Office of Justice and Ecology, dozens of Catholic nuns and survivor leaders, sent a letter to Senate leaders John Thune and Chuck Schumer seeking a review of Section 604. The coalition warned that the exemption could impede efforts to trace funds linked to trafficking, child sexual exploitation and sanctions evasion. No specific sum was involved.

All Coverage

1 original reports
COINDESK.COM 2026-06-26
Anti-trafficking group says Clarity Act's Section 604 could weaken accountability

The Backstory

The history behind this event
US Senator Urges Leaders to Preserve Developer Protections in Crypto Bill2026-07-09 · 1 reports · similarity 0.80

Protections for cryptocurrency software developers have become a key issue as the U.S. prepares to consider the CLARITY Act. Section 604, the Blockchain Regulatory Certainty Act, is intended to ensure that developers of noncustodial software who do not directly control users’ assets are not treated as money transmitters. The provision is crucial to the development of decentralized finance, or DeFi. Without it, developers could face compliance risks merely for writing open-source code.

U.S. Senator Ron Wyden wrote to Senate leaders John Thune and Chuck Schumer on July 8, 2026, strongly urging them to retain Section 604. Wyden said the provision would not exempt criminal conduct but would prevent law-enforcement resources from being wasted. Some law-enforcement and religious organizations, however, fear it could weaken anti-money-laundering oversight and create legal loopholes, fueling a dispute over whether the protections should remain.

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