18 U.S. Attorneys General Oppose Current Clarity Act Draft

Attorneys general from 18 U.S. states, including New York, have sent a joint letter to Congress opposing the current wording of the Clarity Act, according to a report by Foresight News. The letter was submitted to Congress by the attorneys general who participated in the letter, though specific states and proposed amendments were not disclosed. The Clarity Act is a legislative proposal under discussion to establish a regulatory framework for the U.S. digital asset market. Recent negotiations have centered on issues such as state attorneys general enforcement powers and conflict-of-interest regulations for public officials regarding digital assets.