Cathie Wood on Saturday threw her support behind a contested provision of the CLARITY Act, backing a defense of the measure written by one of her own analysts even as law enforcement groups pressed Washington to reconsider it.
- Cathie Wood's Ark Invest supports Section 604 of the CLARITY Act, which aims to shield non-custodial developers and DeFi infrastructure from automatic money transmitter classification.
- This stance is opposed by law enforcement and anti-trafficking groups concerned about oversight gaps and illicit finance, while supporters argue it fosters innovation.
- The debate highlights ongoing legislative efforts to define regulatory frameworks for digital assets, with a Senate vote anticipated soon.
Topics: Legal regulatory, Compliance, Blockchain usage, 3 1 securities law classification, 26 1 aml antimoneylaundering, 25 1 kyc proof of identity, 6 1 ethereum evm l 1 s
Tags: #clarityact #section604 #cathiewood #arkinvest #defi #moneytransmitters #kyc #aml #blockchainregulatorycertaintyact #lawenforcement
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