Coinbase legal chief says support is building for the Clarity Act

Coinbase CLO (chief legal officer) Paul Grewal said after the latest markup that Democrats, Republicans, the Administration, and the crypto industry are committed to passing the bill.

Summary

Coinbase CLO (chief legal officer) Paul Grewal said more work remains on the Clarity Act, but described the latest markup as evidence of broad political and industry support. According to Grewal, Democrats, Republicans, the Administration, and the digital asset industry are all committed to passing the bill. The comment points to continued momentum behind U.S. crypto legislation, with the markup process serving as a key stage in refining a proposal before any full congressional vote.

Terms & Concepts
  • Markup: A legislative review stage in which lawmakers debate, amend, and revise a bill before deciding whether to advance it.
  • Clarity Act: A proposed U.S. crypto market structure bill intended to define regulatory treatment and oversight for digital assets more clearly.
  • CLO (chief legal officer): The senior executive responsible for a company’s legal strategy, regulatory matters, and compliance oversight.