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Coinbase: The CLARITY Act Will Strengthen Cryptocurrency Regulation and National Security Protections
Svmuu News: Faryar Shirzad, Chief Policy Officer at the Coinbase, posted on X on July 11 in response to U.S. Senator Elizabeth Warren’s criticism of the CLARITY Act, stating that the bill would not undermine national security but would instead subject digital asset platforms to stricter regulation.Elizabeth Warren had previously stated on July 8 that the current draft of the CLARITY Act could provide opportunities to circumvent sanctions. Faryar Shirzad noted that the bill would require crypto platforms to comply with stricter national security standards and allow them to freeze suspicious transactions upon request by law enforcement agencies.U.S. Senator Cynthia Lummis previously stated that the CLARITY Act includes 16 measures to protect against illicit finance and warned that the bill may be Congress’s last major opportunity to pass comprehensive digital asset regulations before 2030. (Bitcoin.com News).
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