Coinbase Policy Chief Faryar Shirzad Says Cryptocurrency 'May Be the Most Bipartisan Issue in Washington'
Coinbase Chief Policy Officer Faryar Shirzad stated that cryptocurrency "may be the most bipartisan issue in Washington," noting that 78 Democrats and all Republicans voted together to pass the House CLARITY Act.
The bill was passed in the House on July 17, 2025, with a vote of 294 to 134, establishing rules for the digital asset market structure and delineating the regulatory authority of the CFTC and SEC. Shirzad recently emphasized that ethical and nomination issues have been resolved, providing a substantive bipartisan foundation for the bill to move into the final advancement stage.
On the market side, bipartisan support signals a reduction in regulatory uncertainty, accelerating the influx of institutional and compliant capital into crypto assets and stablecoins covered by clear rules; traditional banks face pressure as funds shift from regulatory gray areas to platforms and products with a clear market structure framework.
Source: Public Information
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Faryar Shirzad previously served on the National Security Council during the Bush administration and has continued to advocate for market structure legislation since joining Coinbase, frequently positioning cryptocurrency as a bipartisan technology and financial infrastructure issue. The CLARITY Act itself has undergone multiple revisions, incorporating ethical restrictions and consumer protection clauses to garner cross-party support.
In terms of capital pathways, Coinbase is focusing its policy resources on promoting clear regulatory boundaries rather than confrontation, motivated by the desire to lower compliance costs and expand institutional access. This is reflected in simultaneous lobbying and public statements, encouraging funds to migrate from offshore or gray markets to domestic platforms protected by U.S. rules.
Similar cases can be seen in the bipartisan voting for the stablecoin GENIUS Act or the early internet regulation shifting from partisan disputes to infrastructure consensus; current cryptocurrency regulation is transitioning from SEC enforcement dominance to congressional legislation establishing market structure.
Essentially, this represents a shift in pricing power driven by regulatory changes: as bipartisan consensus transforms vague rules into clear divisions of labor, market mechanisms redistribute capital with compliance certainty, concentrating pricing power among participants with clear regulatory pathways.
ABAB News · Cognitive Laws
- Bipartisan consensus is the largest regulatory dividend.
- Clear rules are more attractive to capital than strict rules.
- Technical issues will ultimately transcend partisan divides.