What is the CLARITY Act and why is Coinbase supporting it?

The CLARITY Act is a proposed US crypto market structure bill designed to establish clear regulatory rules for digital assets. Coinbase supports the legislation because it believes regulatory certainty would help crypto companies, investors and financial institutions operate more confidently in the US.

How far has the CLARITY Act progressed in Congress?

The bill has already passed the Senate Banking Committee in a 15-9 vote. However, it still requires at least 60 votes in the full Senate before it can move forward in the legislative process.

Why does Coinbase believe the CLARITY Act is important?

Coinbase chief policy officer Faryar Shirzad described the legislation as potentially the most significant financial regulatory bill since Dodd-Frank. The company argues that the bill would provide clear legal guidelines for digital asset businesses that have operated under regulatory uncertainty for years.

How could the CLARITY Act affect the crypto industry?

If passed, the legislation could establish a clearer framework for how digital assets are regulated in the US. Supporters believe this would encourage innovation, investment and institutional participation while reducing legal uncertainty for crypto companies.

How could the CLARITY Act affect banks?

According to Coinbase, the bill could create a clearer path for banks to participate in digital asset markets. Supporters argue that traditional financial institutions would gain greater confidence to offer crypto-related products and services under defined federal rules.

Why is JPMorgan CEO Jamie Dimon opposing parts of the bill?

Dimon argues that crypto companies seeking bank-like privileges should face similar regulations as traditional banks. He has also raised concerns about anti-money laundering requirements, Bank Secrecy Act compliance and the treatment of stablecoin-related products.

What is the debate over stablecoin rewards?

Lawmakers are debating whether stablecoin issuers should be allowed to offer rewards that resemble interest payments on bank deposits. Critics argue this could create unfair competition for banks, while supporters view it as a feature that could drive adoption of digital assets.

What role does President Donald Trump play in the CLARITY Act?

Trump has publicly supported the creation of a long-term digital asset regulatory framework. His administration has reportedly targeted July as a potential timeline for advancing key crypto legislation.

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Coinbase ramps up push for CLARITY Act

Written by Heidi Cuthbert Published Jun 2, 2026, 12:37 AM

Coinbase has stepped up its campaign for the CLARITY Act as the US Senate prepares to consider the crypto market structure legislation that could reshape regulation of digital assets in the country.

The bill cleared the Senate Banking Committee in a 15-9 vote in May and now faces the challenge of securing the 60 votes needed to advance through the full Senate.

“This will be actually the biggest financial regulatory bill that Congress has done in quite some time, certainly since Dodd-Frank,”

Said Coinbase chief policy officer, Faryar Shirzad, in an interview with Fox Business.

Shirzad said Republicans largely remain united behind the legislation and argued that support from dozens of House Democrats suggests a path forward for the bill in the Senate.

The Coinbase executive also described the legislation as a framework that would allow banks to participate more actively in digital assets under clear federal rules, potentially opening the sector to greater institutional involvement.

Coinbase recently received additional regulatory support after the Commodity Futures Trading Commission issued guidance allowing Coinbase Financial Markets to connect US institutional clients with global crypto derivatives markets.

A major sticking point remains the treatment of stablecoin rewards, with lawmakers debating whether digital asset firms should be allowed to offer incentives that resemble interest paid on traditional bank deposits.