Faryar Shirzad, Coinbase’s chief policy officer, expressed optimism Monday about the Clarity Act, stating the bill has bipartisan support in its current form. He indicated a vote could come as early as next week, adding that the legislation is ready for final action. This bill, under discussion since last year, aims to codify cryptocurrency regulation in the United States. A new draft circulating since last week bans officials and their families from issuing or promoting cryptocurrencies. Banking lobbyists have raised concerns about stablecoin yield and ethics, fearing they could lose their deposit base if crypto platforms offer attractive yields. Shirzad dismissed these concerns, noting that major US banks, including JPMorgan and Bank of America, are already adopting blockchain technology and stablecoins.
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