Coinbase: The CLARITY Act will strengthen crypto regulation and national security protection

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Mars Finance news: Coinbase Chief Policy Officer Faryar Shirzad posted on X responding to U.S. Senator Elizabeth Warren’s criticism of the CLARITY Act, saying the bill would not weaken national security but would bring digital asset platforms under stronger regulation. Elizabeth Warren previously said the current draft of the CLARITY Act could provide opportunities to evade sanctions. Faryar Shirzad said the bill would require crypto platforms to comply with stricter national security standards and allow platforms to freeze suspicious transactions when requested by law enforcement agencies. U.S. Senator Cynthia Lummis previously said the CLARITY Act includes 16 illegal financial safeguards and warned that the bill could be the last major opportunity for the U.S. Congress to pass comprehensive digital asset rules before 2030.
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