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Crypto Regulation

Digital Chamber’s Carbone Says Crypto May Stop Conceding on Clarity Act

The final Clarity Act text removed all references to the federal unlicensed money transmitting statute, leaving developers with civil protection but no criminal shield, Digital Chamber CEO Cody Carbone said on Unchained. Carbone said he cannot say how much further the industry should be willing to give, signaling the sector may be done conceding on the bill.

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AI take

The substantive shift here is that the final text narrows protection to civil exposure only, leaving criminal liability under the unlicensed money transmitting statute untouched — a gap developers will read as the difference between a defensible business and a personal legal risk. Carbone's refusal to name a further concession marks a tonal change from an industry that has spent years trading ground for legislative movement. Whether that posture hardens into outright opposition, or simply becomes a bargaining position before the next round of drafting, is the question worth watching.

Generated by AI for reference only.

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