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Key Takeaways
- MCSA declared neutral stance on H.R. 3633 in July 3 letter.
- Senate Banking advanced the bill 15-9 on May 14.
- Bill on Senate calendar since June 1, July vote targeted.
- Stablecoin yield limits and ethics provision still unresolved.
The Major County Sheriffs of America dropped its opposition to the Digital Asset Market Clarity Act on July 3, removing one of the last organized law enforcement objections in the Senate.
In a letter, shared on X by journalist Eleanor Terrett, addressed to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, the organization confirmed the reversal of the position it had staked out in a May 14 filing. “Based on that continued review, MCSA is now neutral on H.R. 3633,” the group wrote, with President Sheriff Bob Gualtieri signing the document.
🚨NEWS: The Major County ...
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