Coinbase Defends CLARITY Act Against Sanctions Evasion Claims
2026-07-12 23:33

Woofun AI reports that Coinbase Chief Policy Officer Faryar Shirzad addressed Senator Elizabeth Warren's concerns regarding the CLARITY Act on July 11. Shirzad argued that the legislation enhances national security by imposing stricter compliance requirements on digital asset platforms, including the authority to freeze suspicious transactions upon law enforcement request. This response followed Warren's July 8 assertion that the current draft could facilitate sanctions evasion. Senator Cynthia Lummis previously highlighted the bill's 16 illicit finance safeguards, noting it may be the final opportunity for comprehensive U.S. digital asset regulation before 2030.

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Tags:
Faryar Shirzad
Elizabeth Warren
Cynthia Lummis
Coinbase
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