1/ I must be looking at a different version of the Clarity Act.
The WSJ story is about sanctioned entities allegedly moving funds through an offshore exchange. The bill I’ve pored over for months includes quite a bit aimed at exactly that kind of risk.
More evidence that our adversaries exploit crypto to move billions.
The Clarity Act, as it's currently written, would make this problem worse.
Congress should be strengthening illicit finance standards, not creating new loopholes.
