The Clarity Act will likely pass Congress despite resistance from some older Democrats, according to Coinbase Chief Policy Officer Faryar Shirzad.

Speaking on The Hill's morning show Rising on Friday, Shirzad described cryptocurrency as "maybe the most bipartisan issue in Washington."

JUST IN: Coinbase Chief Policy Officer talks CLARITY ACT progress on The Hill: "We've got ethics nailed down, we've got nominations nailed down, we've got a bipartisan bill on the substance, we should be good to go" pic.twitter.com/gMKuM7ujYs — Bitcoin Magazine (@BitcoinMagazine) July 31, 2026

Shirzad noted that while certain lawmakers continue to hold up the long-awaited legislation, younger Democratic members broadly support it.

"A lot of the opposition is generational — so it is Democrats who oppose it — but I think younger members who understand the technology, understand that money is transforming how we should engage financially, how we need to adapt, and so it's really a generational shift," he said.

Shirzad expressed confidence that supporters would ultimately prevail, noting that approximately 67 million Americans currently own cryptocurrency.

"We've got ethics nailed down, we've got nominations nailed down, we've a bipartisan bill on the substance, we should be good to go," he said.

Lawmakers are currently reviewing the latest draft of the Clarity Act, legislation designed to establish comprehensive digital asset regulation in the United States. The bill represents years of effort by the crypto industry to secure a clear federal framework, which companies have argued is urgently needed to keep innovation domestic. Other major jurisdictions, including the European Union with its MiCA regulation, have already implemented comprehensive crypto rules, adding competitive pressure on Washington to act. A new draft began circulating this month that bans public officials and their families from issuing or promoting cryptocurrencies — a provision that addresses concerns previously raised by opposition lawmakers.

Despite these revisions, some Democrats remain dissatisfied with the bill. A group of Democratic lawmakers issued a statement last week saying the legislation still falls short in its current form.

The bill has been stalled this year, partly due to concerns raised by banking industry leaders over stablecoin yields and ethics provisions. Banking lobbyists have argued that if crypto exchanges offer attractive yields to customers, banks could lose a significant portion of their deposit base.

Shirzad has previously described the Clarity Act as an "extraordinarily bipartisan" achievement. If approved, the bill would establish definitive cryptocurrency regulation in the world's largest economy and mark a turning point for an industry that has operated under regulatory uncertainty, including enforcement actions from the SEC against major platforms.

This article first appeared on Bitcoin Magazine and was written by Mathew Di Salvo.