Coinbase: The CLARITY Act will strengthen cryptocurrency regulation and national security protection

According to Bitcoin.com, Coinbase Chief Policy Officer Faryar Shirzad responded on X to U.S. Senator Elizabeth Warren's criticism of the CLARITY Act, stating that the bill will not undermine national security but rather bring digital asset platforms under stronger regulation. Elizabeth Warren previously stated 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.

U.S. Senator Cynthia Lummis previously stated that the CLARITY Act includes 16 illegal financial protection measures and warned that the bill may be the last major opportunity for Congress to pass comprehensive digital asset rules before 2030.