National Sheriff’s Association Opposes Changes to Senate Crypto Bill

In a letter sent today to U.S. Senate Banking Committee Chairman Tim Scott and Ranking Member Elizaeth Warren, the National Sheriff’s Association (NSA) expressed serious concerns over changes to the Digital Asset Market Clarity Act of 2025 (HR 3633). While the NSA supports congressional action to regulate digital assets and the digital-asset marketplace, the letter calls for All participants in the digital-asset marketplace be subject to regulations appropriate to their activity and risk.

“Even if Senate Banking’s proposed amendment to HR 3633, CLARITY Act, is a start to establishing a regulatory framework for traditional financial institutions and other regulated entities to enter the marketplace, the proposed amendment has serious flaws in setting up a framework for non-traditional participants. Some will use evolving software, algorithms, and agentic AI to help transfer digital assets without tracing or accountability, launder money, finance terrorism, and evade sanctions,” the letter states. 

CUSP hears the concerns raised by the National Sheriffs’ Association as its members are on the front lines serving communities, and helping the victims of cryptocurrency-related fraud with losses that have surged to more than 11 billion nationwide.