#catholic leaders

Close to 100 Catholic bishops and church leaders have sent a letter to Senate leadership opposing the CLARITY Act, arguing that a provision shielding non-custodial developers from money-transmitter rules would weaken federal safeguards against human trafficking and other financial crimes.

A group of 82 Catholic leaders warned a key provision of the crypto bill, protecting software developers from prosecution, could enable human trafficking.

The opposition highlights the tension between regulatory clarity and the need for robust safeguards against financial crimes in digital markets. The post Nearly 100 Catholic leaders oppose Clarity Act over trafficking concerns appeared first on Crypto Briefing.