Clarity Act Gains Momentum as Coinbase Legal Chief Signals Near Deal

• Clarity Act advances as Coinbase legal chief signals deal nearing
• Stablecoin yield debate intensifies as lawmakers weigh risks and innovation
• Coinbase CEO warns restrictions could slow growth and reduce competitiveness

Regulatory momentum in the United States is building after new remarks signaled progress on the long-debated crypto market structure bill. According to Paul Grewal, negotiations around the Clarity Act have moved closer to a resolution despite continued disagreement over stablecoin yield provisions.

During an interview on Fox Business, Grewal emphasized that lawmakers are now aligning on key aspects of the bill. He explained that while debates remain, the broader framework is advancing toward consensus. Consequently, expectations for a near-term agreement have strengthened across the industry.

Importantly, Grewal linked this progress to the broader policy direction of Donald Trump, who has promoted the United States as a future global leader in digital assets. As a result, the Clarity Act has become a central piece in shaping that vision. This alignment appears to be accelerating legislative movement within the Senate Banking Committee.

Also Read: Bitcoin Shock Signal: Negative Coinbase Premium Hints Massive U.S. Demand Surge

Stablecoin Yield Debate Remains Key Barrier as Deal Nears

Despite the growing momentum, disagreements over stablecoin yield continue to shape the final stages of the bill. U.S. banks have pushed for stricter rules that would prevent crypto platforms from offering rewards on idle balances. They argue that such incentives could encourage users to shift funds away from traditional deposits.

However, Grewal challenged these concerns by pointing to a lack of supporting evidence. According to him, there has been no measurable deposit flight linked to stablecoin activity. Therefore, he urged policymakers to rely on actual market data rather than theoretical risks when finalizing the legislation.

Brian Armstrong Pushes Back Against Stablecoin Yield Restrictions

At the same time, Coinbase has remained vocal in opposing any ban on yield-based products. Its CEO, Brian Armstrong, has warned that limiting such features could slow innovation and reduce consumer benefits. Additionally, he argued that restrictive policies could weaken the competitiveness of U.S. crypto platforms.

Meanwhile, Coinbase’s stock performance reflects ongoing pressure in the broader crypto market. Shares have declined sharply over recent months, highlighting continued volatility across the sector. Nevertheless, company leadership maintains a long-term focus on building financial infrastructure rather than reacting to short-term price movements.

Grewal expressed confidence that the Clarity Act will soon move to a markup hearing, followed by a potential floor vote. He stressed that the legislation is not limited to trading activity but aims to reshape financial systems over time. Consequently, the coming weeks may prove decisive for the direction of crypto regulation in the United States.

Also Read: Here’s Why XRP Will be Priced at 3-4 Digits Soon: Analyst Explains

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