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Woofun AI reports that the Federal Law Enforcement Officers Association has formally endorsed the CLARITY Act, submitting a letter to the Senate Banking Committee. The association, representing over 30,000 officers, emphasized the bill's focus on consumer protection and preserving federal investigative authority against illicit financial activities.
The endorsement arrives weeks before the August recess, a key deadline for the legislation's advancement. FLEOA stressed that the framework must not hinder investigations into money laundering or terrorism financing, aiming to maintain bipartisan momentum for the digital asset regulatory proposal.