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).
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
4
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
5
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
6
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
7
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
8
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
9
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
-
10
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
Markets Today
Recommended Reading



