Bipartisan group of attorneys general pen letter opposing ‘ambiguous’ Clarity Act

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A bipartisan group of attorneys general sent a letter Monday to Sen. Tim Scott (R-SC), chairman of the Senate banking committee, and ranking member Sen. Elizabeth Warren (D-MA), raising concerns about the “ambiguities” in the Digital Asset Market Clarity Act.

The Senate is scheduled to vote on the Clarity Act on Tuesday, which would establish a national regulatory framework for cryptocurrencies by dividing the Commodity Futures Trading Commission and Securities and Exchange Commission oversight. The final text of the legislation was released in the final hours of the weekend, after significant changes were made at the request of Democrats.

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