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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting a shift in the U.S. digital asset regulatory landscape, the Major County Sheriffs of America (MCSA) has reportedly dropped its opposition to the CLARITY Act. According to reports, the group has moved away from a stance of total opposition toward seeking specific legislative amendments. These demands focus on ensuring that local law enforcement agencies receive additional resources to investigate illicit finance cases involving digital assets.
This shift comes as Washington seeks to close regulatory gaps in the crypto sector, with the CLARITY Act aiming to establish clear frameworks for stablecoins and compliance. Per market data, reducing friction with law enforcement is a positive catalyst for industry players like Coinbase and Circle that advocate for legislative clarity. These developments coincide with global inflationary trends, as France's annual inflation rate hit 1.8% in June 2026 according to market data.
Traders should monitor the legislative progress of the act in Congress as a primary catalyst for investor sentiment in digital assets. On the economic front, markets are eyeing the Fed's Barkin speech scheduled for June 28 for monetary policy cues. Additionally, China's Manufacturing PMI data due June 30—which previously stood at 50.5—will provide further insight into global growth momentum and its impact on risk appetite.