According to Wu Blockchain, Coinbase Chief Policy Officer Faryar Shirzad expressed disappointment in a post regarding The Wall Street Journal's criticism of the CLARITY Act. He argued that the critique abandoned serious analysis in favor of defending regulatory moats and repeating clichés from banking associations. Shirzad pointed out that the CLARITY Act imposes multiple restrictions on stablecoin rewards, tying them to customer activities. Several independent studies, including research from the White House Council of Economic Advisers, have shown no evidence supporting the 'deposit flight' argument, and stablecoins have grown alongside bank deposits for years. Additionally, he emphasized that the Act does not provide shelter for DeFi-related crimes but instead draws a clear line between writing code and operating financial intermediaries. Fraud, sanctions violations, and money laundering remain fully prosecutable. He urged the Senate to pass the CLARITY Act. https://www.(wublock123.com)/news/news-65910