Coinbase Chief Policy Officer Faryar Shirzad said the Clarity Act delivers “a dramatic advance in consumer protection and market integrity,” as the Senate targets floor action on the crypto market structure bill the week of July 20.
Key Takeaways
Coinbase’s Faryar Shirzad called the Clarity Act “a dramatic advance in consumer protection.”The Senate targets floor action the week of July 20, with the Aug. 7 recess leaving a narrow window.Coinbase plans tokenized equities and an “everything exchange” if the bill clears its 60-vote hurdle.Shirzad made the case for the Digital Asset Market Clarity Act in a Fox Business interview on Wednesday, describing the legislation as “a dramatic advance in consumer protection and market integrity.” The appearance that comes as the bill nears its decisive stretch is part of an intensifying industry push ahead of an expected Senate floor vote.
The Coinbase executive called the bill a means of unlocking the exchange’s next act, adding:
CLARITY is the piece of legislation that gives us the regulatory certainty to offer those products to our customers. There’s an enormous move comprehensively across the financial system to move financial assets onchain.
The Clarity Act would create the first comprehensive federal framework for digital assets, dividing regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It addresses how assets are classified, what issuers must disclose, and how trading platforms register, questions that have been litigated piecemeal for a decade.
The measure has been grinding through Congress for nearly a year. The House approved its version in July 2025, and the Senate Banking Committee advanced its draft by a 15-9 vote in May 2026. Negotiators released a merged text this week after roughly 10 months of talks, and the measure has been added to the Senate calendar, with floor action targeted for the week of July 20.
The Push and the Pushback
