Coinbase pushes back on Warren as CLARITY Act vote nears

cryptonews07-12 18:22

Coinbase Chief Policy Officer Faryar Shirzad has rejected claims that the CLARITY Act would weaken U.S. national security. In a July 11 post on X, he said unclear crypto rules give bad actors room to ...

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In a July 11 post on X, he said unclear crypto rules give bad actors room to ...</p>\n\n<a href=\"https://crypto.news/coinbase-pushes-back-on-warren-as-clarity-act-vote-nears/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase pushes back on Warren as CLARITY Act vote nears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase pushes back on Warren as CLARITY Act vote nears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-12 18:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/coinbase-pushes-back-on-warren-as-clarity-act-vote-nears/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Chief Policy Officer Faryar Shirzad has rejected claims that the CLARITY Act would weaken U.S. national security. In a July 11 post on X, he said unclear crypto rules give bad actors room to ...</p>\n\n<a href=\"https://crypto.news/coinbase-pushes-back-on-warren-as-clarity-act-vote-nears/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STCE","symbol_name":"Schwab Crypto Thematic ETF","start_time":0,"source_url":"https://crypto.news/coinbase-pushes-back-on-warren-as-clarity-act-vote-nears/","article_id":"2650168067","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/coinbase-pushes-back-on-warren-as-clarity-act-vote-nears/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2650168067","pubTimestamp":1783851754,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Coinbase Chief Policy Officer Faryar Shirzad has rejected claims that the CLARITY Act would weaken U.S. national security. In a July 11 post on X, he said unclear crypto rules give bad actors room to operate outside firm regulatory boundaries. Shirzad argued that the bill would move more digital asset activity into a federal compliance system rather than leave it under fragmented oversight.Shirzad says CLARITY Act applies bank-style AML rules and gives Treasury stronger enforcement tools nationwide.Warren warns current language could preserve crypto loopholes that foreign actors use for sanctions evasion.The proposal would increase FinCEN funding, require risk controls at digital asset firms, and create a government-industry information-sharing program. It would also regulate crypto kiosks and require studies on mixers, illicit finance, cyber risks, and national security threats. These measures support Shirzad’s case, while the debate over decentralized services supports Warren’s deman","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"STCE":"Schwab Crypto Thematic ETF","DIME":"CoinShares Altcoins ETF","FDIG":"Fidelity Crypto Industry and Digital Payments ETF","BK4539":"次新股","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861217088.USD":"贝莱德金融科技A2","BK4554":"元宇宙及AR概念","ICOI":"Bitwise COIN Option Income Strategy ETF","COYY":"GRANITESHARES YIELDBOOST COIN ETF","CONI":"2倍做空COIN ETF-GraniteShares","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","DAPP":"VanEck Digital Transformation ETF","CONL":"2倍做多COIN ETF-GraniteShares","BK4585":"ETF&股票定投概念","COIA":"ProShares Ultra Coin ETF","CONX":"Direxion Daily COIN Bull 2X ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","COIG":"2倍做多COIN ETF- Leverage Shares","BITQ":"Bitwise Crypto Industry Innovators ETF","IBLC":"iShares Blockchain and Tech ETF","CONY":"COIN期权收益策略ETF-YieldMax","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","COIW":"COIN周配息ETF-Roundhill","COII":"REX COIN Growth& Income ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","BK4516":"特朗普概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","COIO":"2倍上限加速COIN ETF-Leverage Shares","BKCH":"AdvisorShares Sabretooth ETF","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4596":"哈里斯概念","NSI":"NATIONAL SECURITY EMERGING MARKETS INDEX ETF","COIN":"Coinbase Global, Inc.","BITW":"Bitwise 10 Crypto Index ETF","BK4600":"加密货币概念","BK4588":"碎股","BK4112":"金融交易所和数据","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","FIAT":"做空COIN期权收益策略ETF-YieldMax","BK4595":"比特币概念","BK4551":"寇图资本持仓"},"translate_title":"随着《清晰法案》投票临近，Coinbase 反击沃伦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FIAT":0.6,"TEKX":0.64,"BKCH":0.64,"LFGY":0.64,"FDIG":0.6,"NCIQ":0.64,"COIG":0.6,"IBLC":0.6,"CONX":0.6,"BITQ":0.64,"COIW":0.6,"ICOI":0.6,"COII":0.6,"NSI":0.86,"COYY":0.6,"COIA":0.6,"GDLC":0.64,"STCE":0.64,"COIN":1.5,"DIME":0.64,"CONY":0.6,"COIO":0.6,"BITW":0.64,"CONI":0.6,"CONL":0.6,"DAPP":1.5,"CRPT":0.64},"content_text":"Coinbase Chief Policy Officer Faryar Shirzad has rejected claims that the CLARITY Act would weaken U.S. national security. In a July 11 post on X, he said unclear crypto rules give bad actors room to operate outside firm regulatory boundaries. Shirzad argued that the bill would move more digital asset activity into a federal compliance system rather than leave it under fragmented oversight.\n\n\nSummary\n\n\n\nShirzad says CLARITY Act applies bank-style AML rules and gives Treasury stronger enforcement tools nationwide.\nWarren warns current language could preserve crypto loopholes that foreign actors use for sanctions evasion.\nSenate negotiators target a merged draft before recess while unresolved disputes still threaten final passage.\n\n\n\nShirzad said the proposal would place crypto brokers, dealers, and exchanges under Bank Secrecy Act duties. Those duties include anti-money laundering programs, customer checks, suspicious activity reports, and sanctions compliance. He also pointed to provisions that let platforms pause suspicious transfers when law enforcement requests action. “This isn’t a free pass for crypto,” he wrote, calling the proposal a strict security mandate.\nWarren warns about sanctions evasion risks\nSenator Elizabeth Warren has taken the opposite position. She shared an article by former National Security Council Iran director Richard Nephew and wrote, “As currently drafted, the Clarity Act is a ticket to sanctions evasion.” Nephew argued that the bill could leave some decentralized finance participants outside clear Bank Secrecy Act duties and make enforcement harder.\nThe dispute centers on which crypto businesses must register, monitor transactions, and answer to federal agencies. Warren and other critics say exemptions for some non-custodial services could leave gaps that foreign governments, criminal groups, and sanctioned entities may use. A Senate Banking Committee minority advisory raised similar concerns. Supporters say existing sanctions laws would remain in force while the bill adds new powers for the Treasury Department and FinCEN.\nBill contains new anti-money laundering tools\nThe Senate Banking Committee’s CLARITY Act fact sheet says the bill applies federal anti-money laundering and counterterrorism finance rules to centralized digital asset intermediaries. It also creates a Treasury power known as Special Measure 6. That tool would let officials target foreign jurisdictions, institutions, or transaction types tied to major digital asset money laundering risks.\nThe proposal would increase FinCEN funding, require risk controls at digital asset firms, and create a government-industry information-sharing program. It would also regulate crypto kiosks and require studies on mixers, illicit finance, cyber risks, and national security threats. These measures support Shirzad’s case, while the debate over decentralized services supports Warren’s demand for tighter language.\nSenate faces a narrow legislative window\nThe latest crypto.news coverage says Senate staff plan to release a merged CLARITY Act draft during the week of July 13. The new text will combine work from the Banking and Agriculture committees. Negotiators have reportedly added more than 70 pages, including stronger consumer protections and changes requested during bipartisan talks.\nSenate leaders target possible floor action during the week of July 20, but several disputes remain open. Lawmakers continue to negotiate ethics rules, stablecoin rewards, decentralized finance protections, and legal safeguards for software developers. Crypto.news reported that Senator Ron Wyden wants the final bill to retain protections for developers who do not control customer funds.\nThe House approved an earlier version in July 2025, while the Senate Banking Committee advanced its draft by a 15-9 vote in May 2026. Both chambers must approve matching text before the bill can reach the president. The Senate starts its August recess on August 7, leaving limited time for debate and amendments. The national security dispute adds another test as supporters seek enough Democratic votes for passage before lawmakers leave Washington for summer.\n\n\n\n\n\n                Read more:\n            \n\n                Adam Back and Michael Saylor oppose BIP 110 as fork risk grows","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650168067","isCrawlerRequest":true}