The Clarity Act isn’t a ticket to sanctions evasion, actually The bill, as currently drafted, has the power to stop sanctions evasion at scale, argues Ari Redbord, global head of policy at TRM Labs.
Last week, Democratic Senator Elizabeth Warren took to X to suggest that the Digital Asset Market Clarity Act, at least as it is currently drafted, is a “ticket to sanctions evasion,” joining a small-but-loud chorus of critics expressing concern about the impact the pending legislation could have on national security
Because some of the scrutiny is coming from people who have spent time in the sanctions and national security space, their questions about where enforcement gaps might sit deserve careful engagement. Let me be clear. The Clarity Act is not, as Senator Warren put it, a ticket to sanctions evasion.
It is a way to stop sanctions evasion, and stop it at scale, because the bill builds directly on tools already producing results in the field. Ari Redbord is the Global Head of Policy at TRM Labs. Prior to joining TRM, Ari was the Senior Advisor to the Deputy Secretary and the Undersecretary for Terrorism and Financial Intelligence at the United States Treasury.