{"id":8002,"date":"2026-07-27T21:16:42","date_gmt":"2026-07-27T21:16:42","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/07\/27\/coinbase-chief-policy-officer-praises-crypto-clarity-act-as-extraordinarily-bipartisan\/"},"modified":"2026-07-27T21:16:42","modified_gmt":"2026-07-27T21:16:42","slug":"coinbase-chief-policy-officer-praises-crypto-clarity-act-as-extraordinarily-bipartisan","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/07\/27\/coinbase-chief-policy-officer-praises-crypto-clarity-act-as-extraordinarily-bipartisan\/","title":{"rendered":"Coinbase Chief Policy Officer Praises Crypto Clarity Act as \u201cExtraordinarily Bipartisan\u201d"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Coinbase Chief Policy Officer Praises Crypto Clarity Act as \u201cExtraordinarily Bipartisan\u201d<\/a><\/p>\n

<\/div>\n

Coinbase\u2019s Chief Policy Officer, Faryar Shirzad, struck an optimistic tone regarding the long-awaited Clarity Act on Monday, claiming there was bipartisan support for the bill in its current form.\u00a0\u00a0<\/p>\n

Speaking <\/a>to Fox Business Monday, Shirzad said it was time for Democrats and Republicans to unite on the Clarity Act \u2014 and added that a vote could come as soon as next week.\u00a0<\/p>\n

\u201cThis bill is an extraordinarily bipartisan piece of work,\u201d he said. \u201cIt\u2019s ready for final action. We\u2019re very excited it\u2019s going to get done.\u201d<\/p>\n

\n

JUST IN: Coinbase Chief Policy Officer talks CLARITY ACT on FOX<\/p>\n

“This bill is an extraordinarily bipartisan piece of work. It’s ready for final action. We’re very excited it’s going to get done\u2026I think we’ll have a vote as early as Monday of next week” pic.twitter.com\/J6iYcGs5c3<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 27, 2026<\/a>\n<\/p><\/div>\n

Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation.\u00a0<\/p>\n

A new draft started circulating last week which bans officials and their families from issuing or promoting crypto \u2014 something opposition lawmakers previously had issue with.\u00a0<\/p>\n

But some Democrats are still unhappy with the bill in its current form. A group of Democrats last week said<\/a> in a statement that the bill in its current form falls short.\u00a0<\/p>\n

The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns.\u00a0<\/p>\n

Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base.\u00a0<\/p>\n

But Shirzad shrugged off the concerns, claiming that banks are adopting crypto technology already.\u00a0<\/p>\n

\u201cThe irony of the situation we\u2019re facing with the banking lobby in Washington is that all the banks are actually moving quickly to adopt crypto and stablecoin in their own systems,\u201d he continued.\u00a0<\/p>\n

\u201cI think the adoption by the banks tells you that as much as the lobbyists in Washington are resisting change, the long-term plan for the banks at the top is to adopt the technology, and it\u2019ll be a win-win outcome.\u201d<\/p>\n

Top U.S. banks \u2014 including JP Morgan and Bank of America \u2014 have expressed interest or already started debuting stablecoin products, which run on blockchain technology.\u00a0<\/p>\n

\n<\/p>

This post Coinbase Chief Policy Officer Praises Crypto Clarity Act as \u201cExtraordinarily Bipartisan\u201d<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Coinbase Chief Policy Officer Praises Crypto Clarity Act as \u201cExtraordinarily Bipartisan\u201d Coinbase\u2019s Chief Policy Officer, Faryar Shirzad, struck an optimistic tone regarding the long-awaited Clarity Act on Monday, claiming there was bipartisan support for the bill in its current form.\u00a0\u00a0 Speaking to Fox Business Monday, Shirzad said it was time for Democrats and […]<\/p>\n","protected":false},"author":0,"featured_media":8003,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8002","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=8002"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/8003"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=8002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=8002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=8002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}