Why does Coinbase (NASDAQ:COIN) support the CLARITY Act?

Coinbase (NASDAQ:COIN) says the CLARITY Act would bring more crypto businesses under federal rules. The company says the bill strengthens anti-money laundering and sanctions enforcement.

What anti-money laundering rules are included in the CLARITY Act?

The CLARITY Act would require covered crypto firms to follow Bank Secrecy Act rules. These include customer checks, anti-money laundering programs, suspicious activity reports and sanctions compliance.

What changes are senators making to the CLARITY Act?

Senators are preparing a revised version of the CLARITY Act. The draft includes stronger consumer protections and changes discussed during bipartisan negotiations.

What happens next for the CLARITY Act?

The Senate is expected to review the revised CLARITY Act before its August recess. Both the House and Senate must approve the same version before it can be sent to the president.

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Coinbase defends CLARITY Act before Senate vote

Q: What are Senator Elizabeth Warren's concerns about the CLARITY Act?

Senator Elizabeth Warren says the CLARITY Act could leave some decentralised finance services outside key compliance rules. She argues those gaps could be used for sanctions evasion.

Written by Jon CuthbertPublished Jul 13, 2026, 1:30 AM

Coinbase said the CLARITY Act would strengthen anti-money laundering rules for the US crypto industry.
Senator Elizabeth Warren argued the bill could leave gaps that allow sanctions evasion.
The Senate is working on a revised draft before a possible vote later this month.

Coinbase Chief Policy Officer Faryar Shirzad said the CLARITY Act would strengthen US oversight of digital assets rather than weaken national security.

Shirzad said the bill would require crypto brokers, dealers and exchanges to follow anti-money laundering rules, customer checks and sanctions requirements under the Bank Secrecy Act.

“This isn’t a free pass for crypto,” said Coinbase Chief Policy Officer Faryar Shirzad.

Senator Elizabeth Warren said the bill could leave some decentralised finance services outside key compliance rules, creating possible gaps for sanctions evasion and illicit finance.

Supporters said the proposal would give the US Treasury and FinCEN stronger enforcement powers, including a new tool to target foreign money laundering risks linked to digital assets.

Senate negotiators are preparing a combined draft that includes stronger consumer protections and changes discussed during bipartisan talks, while lawmakers continue debating rules for decentralised finance and software developers.

The House passed an earlier version of the bill in July 2025, while the Senate Banking Committee approved its draft in May 2026, leaving both chambers to agree on a final version before it can become law.