Senator Cortez Masto
@SenCortezMasto
It’s clear we need to pass market structure legislation, and I’ve worked for months with colleagues on both sides of the aisle to negotiate a bill that provides clear rules of the road for a growing industry.
But the current version of the CLARITY Act undermines law enforcement’s ability to trace illicit finance and recover victims’ money, while at the same time creating a more challenging environment to prosecute criminals for knowingly transmitting illicit funds.
It’s disappointing that my commonsense fixes discussed among stakeholders and supported by police and prosecutors nationwide weren’t adopted today. But I’m committed to finding solutions that allow us to take on bad actors – the criminals not the everyday coders – while giving the millions of U.S. crypto users the certainty they need.
2026-05-14T17:28:25.000Z