Coinbase: CLARITY Act to Strengthen Crypto Regulation and National Security Protections

Odaily Odaily reports that Coinbase Chief Policy Officer Faryar Shirzad responded on X on July 11 to U.S. Senator Elizabeth Warren's criticism of the CLARITY Act, stating that the bill would not weaken national security but would instead bring digital asset platforms under stronger regulation. Elizabeth Warren had previously stated on July 8 that the current draft of the CLARITY Act could provide opportunities for evading sanctions. Faryar Shirzad stated that the bill would require crypto platforms to comply with stricter national security standards and allow platforms to freeze suspicious transactions upon request from law enforcement. U.S. Senator Cynthia Lummis previously stated that the CLARITY Act includes 16 illicit finance safeguards and warned that the bill may represent the last major opportunity for the U.S. Congress to pass comprehensive digital asset rules before 2030. (Bitcoin.com News).