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

Odaily Odaily Planet Daily reported 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 will not weaken national security but will instead bring digital asset platforms under stronger regulation. Elizabeth Warren previously stated on July 8 that the current draft of the CLARITY Act could provide opportunities to evade sanctions. Faryar Shirzad stated that the bill will require crypto platforms to comply with stricter national security standards and allow platforms to freeze suspicious transactions at the request of law enforcement agencies. U.S. Senator Cynthia Lummis previously stated that the CLARITY Act includes 16 illicit finance 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).