Coinbase Chief Policy Officer Faryar Shirzad said the CLARITY Act would place digital asset platforms under stronger regulation, pushing back on criticism from U.S. Senator Elizabeth Warren. According to Bitcoin.com, Shirzad wrote on X that the bill would not weaken national security, but would instead require crypto platforms to meet stricter national security standards. He also said the measure would allow platforms to freeze suspicious transactions when requested by law enforcement.
Warren had said the current draft of the CLARITY Act could create opportunities to evade sanctions. Shirzad’s response framed the bill as a mechanism for tighter oversight rather than a rollback of safeguards. The exchange highlights a widening debate in Washington over how digital asset legislation should address enforcement, sanctions compliance, and platform obligations.
The report also cited U.S. Senator Cynthia Lummis, who previously said the CLARITY Act includes 16 protections against illicit finance. Lummis warned that the bill may be Congress’s last major chance to pass a comprehensive set of digital asset rules before 2030.
Coinbase Chief Policy Officer Faryar Shirzad said the CLARITY Act would place digital asset platforms under stronger regulation, responding on X to criticism from U.S. Senator Elizabeth Warren, according to Bitcoin.com.
Shirzad said the bill would not weaken national security. He said it would require crypto platforms to comply with stricter national security standards and would allow platforms to freeze suspicious transactions when law enforcement requests it.
Warren had previously said the current draft of the CLARITY Act could create opportunities to evade sanctions.
U.S. Senator Cynthia Lummis previously said the CLARITY Act contains 16 illicit finance safeguards. She also warned that the bill may be Congress’s last major opportunity to pass comprehensive digital asset rules before 2030.
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