Trump’s Crypto Adviser Rejects CLARITY Act Developer Proposal

Law enforcement groups backed by key Democrats have suggested some changes to the CLARITY Act that would make it easier to prosecute some crypto software developers.

However, White House officials still feel like the suggestions made fall short of what they want.

Trump’s Crypto Adviser Rejects Proposal

Trump’s crypto adviser, Patrick Witt, dismissed the proposal, saying claims that they were the result of “productive negotiations” with the White House and Treasury were far from the truth. He added that the administration had made its position clear to Sen. Catherine Cortez Masto for weeks and that the latest revision was “not even close” to meeting its expectations.

A report from Politico shows that two major groups representing U.S. prosecutors have submitted fresh changes to the White House, aiming to break months of deadlock over the CLARITY Act.

“Newest language is the culmination of productive negotiations with law enforcement, the White House, and Treasury, and we feel good about the chance to resolve this issue once and for all,” said Masto in a statement.

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