Coinbase Chief Policy Officer Faryar Shirzad on Monday voiced support for the long-awaited Clarity Act, saying the crypto regulation bill has bipartisan backing in its current form and could move toward a vote as early as next week.

Speaking on Fox Business, Shirzad said Democrats and Republicans should come together on the legislation, which is intended to establish clearer rules for the crypto industry. For companies such as Coinbase, the debate centers on whether digital asset rules will be set through new legislation rather than left primarily to existing regulatory interpretations and enforcement.

“This bill is an extraordinarily bipartisan piece of work,” Shirzad said. “It’s ready for final action. We’re very excited it’s going to get done.”

JUST IN: Coinbase Chief Policy Officer talks CLARITY ACT on FOX "This bill is an extraordinarily bipartisan piece of work. It's ready for final action. We're very excited it's going to get done…I think we'll have a vote as early as Monday of next week" pic.twitter.com/J6iYcGs5c3 — Bitcoin Magazine (@BitcoinMagazine) July 27, 2026

Lawmakers have been considering the Clarity Act since last year. The measure is designed to put crypto regulation into law, and a new draft began circulating last week.

That draft includes a provision barring officials and their families from issuing or promoting crypto, an issue that opposition lawmakers had previously raised concerns about. The addition shows how ethics rules have become part of the broader legislative fight, alongside questions about how crypto platforms and stablecoin products should be regulated.

Some Democrats, however, remain dissatisfied with the bill as currently written. A group of Democrats said in a statement last week that the current version of the legislation falls short.

The bill has been stalled this year in part because banking leaders have raised concerns about stablecoin yield and ethics issues. Banking lobbyists have argued that if crypto exchanges offer attractive yields to customers, banks could lose part of their deposit base.

Shirzad pushed back on those concerns, saying banks are already moving to use crypto technology.

“The irony of the situation we’re facing with the banking lobby in Washington is that all the banks are actually moving quickly to adopt crypto and stablecoin in their own systems,” he said.

“I think the adoption by the banks tells you that as much as the lobbyists in Washington are resisting change, the long-term plan for the banks at the top is to adopt the technology, and it’ll be a win-win outcome.”

Major U.S. banks, including JP Morgan and Bank of America, have expressed interest in stablecoin products or have already begun rolling them out. Stablecoins operate on blockchain technology.

The original Bitcoin Magazine report was written by Mathew Di Salvo.