Crypto▼ Bearish
CLARITY Act Odds Drop to 35% After DOJ Crime Warning
DOJ warns the CLARITY Act would handcuff money-laundering prosecutions. Polymarket odds sink to 35% as senators amend the text before next week's hearing.
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The odds of the Digital Asset Market Clarity Act passing have dropped to 35% on Polymarket after the US Department of Justice warned the bill would create loopholes for crypto crime.
The DOJ, in an email to the Treasury Department, said the current version would "impose a higher burden of proof for prosecutions" in money-laundering cases. The agency pointed to Section 604, which grants safe harbor protections to non-custodial developers, decentralized services, mixers and automated protocols. That language would handcuff federal prosecutors, the DOJ said.
The warning follows a similar objection on June 23 from a coalition of four law enforcement agencies and Catholic groups.