Crypto's most important piece of US legislation just picked up an opponent almost nobody saw coming: the Catholic Church. And it lands at the worst possible moment for a market already deep in the red, with Bitcoin ($BTC) changing hands around $59,800 after slipping below the psychological $60,000 line this week.
This isn't a fringe objection. It's a coordinated, faith-based campaign aimed squarely at the provision the crypto industry has called a red line — and it's reshaping the math on whether the CLARITY Act passes before Congress breaks for August.
Why Are Catholic Leaders Opposing the CLARITY Act?
On June 23, a coalition delivered a letter to Senate leadership opposing a core section of the bill. In a letter to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, more than 80 Catholic leaders, organizations and advocates warned that provisions in the House-passed CLARITY Act could weaken safeguards against illicit finance and create opportunities for criminal organizations to exploit digital asset networks. The letter was organized by the Alliance to End Human Trafficking, a faith-based nationwide network.
The framing was explicitly moral. "The Catholic Church has long ta...
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