Major US sheriffs' group drops opposition to crypto clarity bill

The Major County Sheriffs of America (MCSA) has announced it is withdrawing its opposition to the Blockchain Regulatory Clarity Act (BRCA) and is adopting a neutral stance. In a letter published on July 3, the MCSA explained that discussions with the administration have clarified how the bill's provisions would be interpreted and applied. The association added, however, that it believes there is still room to further improve the legislation to support both responsible innovation and the practical needs of state and local law enforcement. The MCSA stated it will continue to consult with Congress and the administration on the matter.