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

2026-07-12 21:07:14

Abstract generation in progress

Golden Finance reported that on July 11, Coinbase Chief Policy Officer Faryar Shirzad responded on X to criticism of the CLARITY Act by U.S. Senator Elizabeth Warren, saying the bill would not weaken national security, but would bring digital asset platforms under stronger regulation. Elizabeth Warren previously said on July 8 that 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 would allow platforms to freeze suspicious transactions when law enforcement agencies request it. U.S. Senator Cynthia Lummis previously said the CLARITY Act includes 16 illicit financial safeguards and warned that the bill may be the last major opportunity for the U.S. Congress to pass comprehensive digital asset rules before 2030. (Bitcoin.com News).

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