🇺🇸 LATEST: Coinbase Chief Policy Officer Faryar Shirzad says more than 1 million calls and emails have been sent to U.S. senators in support of the CLARITY Act.

What happened

Coinbase’s chief policy officer, Faryar Shirzad, said more than one million calls and emails have been sent to U.S. senators urging support for the CLARITY Act.

Confirmed

Global impact / market context

If the CLARITY Act advances, it could provide clearer federal rules for cryptocurrencies, lowering legal risk for firms and making the market more attractive to institutional investors.

Analyst inference

The flood of over one million calls and emails shows that U.S. lawmakers are receiving strong grassroots pressure on crypto policy, indicating that the CLARITY Act is becoming a focal point of political debate.

Analyst inference

What to watch

1. How Senate staff and committee leaders acknowledge the volume of constituent outreach, which could influence the timing of hearings or a vote on the CLARITY Act. Analyst inference
2. Whether the CLARITY Act’s language is adjusted in response to the public’s lobbying effort, potentially altering regulatory definitions for digital assets. Analyst inference
3. Coinbase’s next lobbying moves, such as additional outreach or public statements, that may affect its role in shaping the final version of the legislation. Analyst inference

Evidence

• x.com