The Fraternal Order of Police, the largest law enforcement organization in the United States with over 382,000 members, is opposing a key provision of the CLARITY Act.
In a letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, FOP National President Patrick Yoes said the organization "strongly opposes" Section 604 of the bill, which would exempt non-controlling developers and providers from being classified as money transmitting businesses.
The FOP argues this change would "strip prosecutors and law enforcement of the statutes used to track and take down criminals using digital assets to commit crimes" and would make it "even easier" for criminal organizations to profit from illegal activity.
This is exactly the provision that matters most for open-source developers. The same section the FOP wants removed is the one that would protect developers from being prosecuted for what their users do with their software. Without it, building privacy tools, non-custodial wallets, or mixing software could make a developer criminally liable under money transmission laws, regardless of whether they ever touched a user's funds.
The FOP says it supports the right to trade digital assets. It just wants to make sure law enforcement keeps the ability to prosecute the people who build the tools those assets move through. That distinction is the entire fight.
Ribeye inflation index has a big print. New price $37.99/lb. 17% inflation annualized from October. 18.5% annualized since last June. 90% cumulative since 2020. 11.0% compounded annually over 6+ years. Same ribeye, same store. High rates? Don't care. Bitcoin is the only way out!
Buried on page 230 of the CLARITY Act is arguably the biggest win for the digital asset industry in the entire 309-page bill.
Section 604: The Blockchain Regulatory Certainty Act.
If you build open-source blockchain software and don't have unilateral control over users' funds, you are not a money transmitter. Not under FinCEN rules. Not under federal criminal law. Not under state registration requirements.
Writing code ≠ money transmission.
Building self-custody tools ≠ money transmission.
Running node infrastructure ≠ money transmission.
For years, developers have operated under the threat that publishing code could expose them to money transmission charges. Section 604 eliminates that ambiguity entirely. It establishes a clear, codified legal protection for the people who actually build the open-source infrastructure this industry runs on.
Senate Banking markup is Thursday. Read the bill.
A dev went to jail for writing Bitcoin code.
I chatted with his wife, Lauren @leamuirleyn at @TheBitcoinConf in Las Vegas and she held nothing back.
Watch. Share. Sign the petition. #FreeSamourai
This affects every developer in America.
BREAKING: Morgan Stanley is launching Bitcoin trading on E*Trade to its 8.6 million clients with cheaper fees than Coinbase and Charles Schwab — Bloomberg 🚀
Paying with bitcoin just got better (₿‿₿)
Pay over Lightning at eligible @Square businesses and get 5% back in bitcoin instantly.
Discover nearby local sellers on the Bitcoin Map. Earn up to $30/month.
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WATCH: 🇺🇸 US MILITARY OFFICER ADMIRAL PAPARO SAYS BITCOIN "IS HERE TO STAY."
"WE HAVE A NODE ON THE BITCOIN NETWORK RIGHT NOW, WE'RE NOT MINING BITCOIN, WE'RE USING IT TO MONITOR."
BREAKING: ADM Paparo, 4-star Admiral and Commander of U.S. Indo-Pacific Command, just testified before the Senate that “Bitcoin shows incredible potential” as a tool for U.S. national security. Watch the full exchange:
Strategy has acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and has achieved BTC Yield of 9.5% YTD 2026. As of 4/19/2026, we hodl 815,061 $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin. $MSTR $STRC
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A fake Ledger Live macOS app listed on Apple’s official App Store stole approximately $9.5 million in crypto from more than 50 victims between April 7–13.
Apple has removed the app.
NEW: BlackRock is launching its Bitcoin Income ETF — ticker $BITA.
It sells call options on its $50B+ IBIT fund to generate yield from Bitcoin’s volatility.
Existing BTC income ETFs pay 27–41% annually. Launch expected in weeks.
Introducing the Morgan Stanley Bitcoin Trust (MSBT), designed with transparent reporting and a 0.14% expense ratio, supported by a custody approach that brings together traditional considerations and crypto experience. Learn more about MSBT: https://t.co/j03kYDLsSN
MSBT prospectus: https://t.co/Mplse9vJBX
$25 in bitcoin for spending $1. Not a typo.
Use @CashApp to pay with bitcoin at a Square seller and get $25 in bitcoin back. Here’s how it works:
1️⃣ Open the bitcoin map on Cash App to discover a Square business that accepts BTC
2️⃣ Spend $1+ of BTC (or Cash balance over Lightning) at a participating Square seller
3️⃣ Earn $25 in BTC*
Learn more at https://t.co/ZFKarU7Vvj.
Automatically enabled bitcoin payments are rolling out to eligible U.S. Square sellers.
Start accepting bitcoin that instantly converts to cash at checkout, with no additional setup.
→ 0% processing fees through 2026
→ Near-instant settlement
→ No need to hold bitcoin
Learn more: https://t.co/KJ0YYXqkjP
Square just auto-enabled Bitcoin Lightning payments across 4 million U.S. merchant terminals. No opt-in required. Sellers receive USD by default.
This is the most significant Bitcoin payments infrastructure move since the Lightning Network launched. Every coffee shop, barber, and food truck on Square can now accept sats over Lightning at zero fees through 2026.
Jack Dorsey's Block didn't ask for permission. They flipped the switch.