Key clause in US Clarity Act draws sharp criticism! What is dividing anti human trafficking and crypto experts?
Civil society representatives working in the field of combating human trafficking are voicing strong objections to Section 604 of the Clarity Act, currently under discussion in the United States. The focal point of their concerns is the provision stating that software developers who do not control user assets should not be considered money transmitters. They argue this regulation could allow certain crypto platform developers to evade responsibility when their technologies are used illicitly.