LATEST: Coinbase chief policy officer Faryar Shirzad says the "most cutting-edge" banks are adopting crypto at the same time as their own DC lobbyists "are trying to kill" the CLARITY Act.

What happened

Coinbase’s chief policy officer, Faryar Shirzad, said that leading banks are beginning to use crypto services while the same banks’ Washington lobbyists are working to defeat the proposed CLARITY Act, which would increase regulatory clarity for digital assets.

Confirmed

Global impact / market context

If major banks adopt crypto, it could broaden mainstream acceptance and drive demand for digital‑asset services, while efforts to block the CLARITY Act may keep regulatory uncertainty high, affecting how companies invest in crypto infrastructure.

Analyst inference

The crypto market has seen volatile price swings and heightened regulatory focus this year, with investors watching banks’ involvement as a potential catalyst for growth, while pending legislation like the CLARITY Act remains a key uncertainty.

Analyst inference

What to watch

1. Monitor announcements from major banks about launching crypto products, which could increase transaction volumes for crypto platforms and boost related service revenues. Proposed
2. Watch for any changes in lobbying activity or statements from banks’ DC lobbyists regarding the CLARITY Act, as success or failure will shape regulatory clarity and compliance costs. Proposed
3. Track the U.S. Congress’s progress on the CLARITY Act, because its passage could create a standardized framework that lowers legal risk for crypto firms and may attract more institutional capital. Proposed

Evidence

• x.com