FLEOA Backs CLARITY Act With Four DeFi Accountability Demands on July 10

According to its July 10 statement to the Senate Banking Committee, the Federal Law Enforcement Officers Association (FLEOA) endorsed the Digital Asset CLARITY Act with four specific conditions to strengthen DeFi accountability: narrow DeFi protections, clarify who is accountable in decentralized finance systems, revise "specific intent" language to make liability easier to establish, and affirm the bill does not curtail existing federal investigative powers.

The endorsement comes weeks before the Aug. 8 Senate recess, which acts as a de facto legislative deadline for advancing the bill this session. FLEOA's conditional support follows earlier opposition from four law enforcement organizations in June and complements the National Organization of Black Law Enforcement Executives' backing of the bill announced nine days prior.