AARP Urges Senate to Keep CLARITY Act Section 205 Ahead of May 14 Markup

AARP told senators to retain Section 205 of the CLARITY Act ahead of the Senate Banking Committee's May 14 markup, arguing it would strengthen safeguards around cryptocurrency kiosks. The group pointed to more than 13,460 complaints and over $389 million in reported losses tied to kiosk-related fraud, while calling for federal registration that still leaves states room to set their own protections.