Paul Grewal, Coinbase’s chief legal officer, said the Clarity Act could advance this summer and backed a compromise on stablecoin legislation while urging banks to accept the deal.
Paul Grewal, Coinbase’s chief legal officer, said the Clarity Act, a U.S. crypto market structure bill, will pass this summer and expressed support for a compromise on stablecoin legislation. His remarks indicate continued industry focus on two major policy tracks in Washington: market structure rules that could define oversight of digital assets, and stablecoin standards that could shape how dollar-pegged crypto tokens are issued and used. Grewal also urged banks to accept the compromise, signaling the importance of bank participation in any future stablecoin framework.