Coinbase Defends the CLARITY Act, Saying It Strengthens Crypto Regulation and National Security

Huo Xing Finance reports that Coinbase Chief Policy Officer Faryar Shirzad responded on X to Senator Elizabeth Warren’s criticism of the CLARITY Act, stating that the bill would not undermine national security but rather bring digital asset platforms under stronger regulation. Previously, Elizabeth Warren expressed concern that the current draft of the CLARITY Act could create opportunities for sanctions evasion. Faryar Shirzad stated that the bill would require crypto platforms to comply with stricter national security standards and permit them to freeze suspicious transactions when requested by law enforcement. Senator Cynthia Lummis previously noted that the CLARITY Act includes 16 measures to combat illicit finance and warned that this bill may be the last major opportunity for the U.S. Congress to enact comprehensive digital asset regulations before 2030.