Faryar Shirzad: CLARITY Act will strengthen encryption regulation and national security

On July 11th, Faryar Shirzad, Chief Policy Officer of Coinbase, responded to US Senator Elizabeth Warren's criticism of the CLARITY Act in a post on X, stating that the bill places digital asset platforms under stronger regulation and requires cryptocurrency platforms to comply with stricter national security standards, allowing platforms to freeze suspicious transactions when required by law enforcement agencies. US Senator Elizabeth Warren stated on July 8th that the current draft of the CLARITY Act may provide an opportunity to circumvent sanctions. US Senator Cynthia Lummis stated that the CLARITY Act includes 16 illegal financial protection measures and warned that the bill may be the last major opportunity for the US Congress to pass comprehensive digital asset rules by 2030. （Bitcoin.com News）