🚨NEW: In a letter to administration officials, a group of four law enforcement organizations say they remain concerned about certain provisions in the Clarity Act, including Section 604 (the Blockchain Regulatory Certainty Act), arguing it would create gaps in oversight and accountability that could hinder efforts to investigate and prosecute illicit activity.
They also contend the bill does not go far enough to establish safeguards commonly applied to traditional financial institutions and could exempt some crypto participants from certain KYC/AML reporting requirements.
It comes after weeks of meetings between these groups, the administration, Congress and the crypto industry aimed at resolving concerns with the bill’s language, particularly around the BRCA, which has emerged as a central sticking point in negotiations over bringing the Clarity Act to the Senate floor.
Notably, @GLFOP and @NAPOpolice, both of which have been deeply involved in those discussions, did not sign the letter.
June 22, 2026.
BTC and ETH ETFs shed a combined $134M in a single session.
XRP spot ETFs absorbed $5.31M in fresh institutional inflows zero outflows across all 5 funds.
Cumulative AUM: $993.29M The $1 billion mark is not a question of if. The data has already answered that.