Coinbase's Chief Legal Officer, Paul Grewal, expressed strong confidence that the Clarity Act will be passed by the end of summer. Grewal also endorsed a stablecoin reward compromise proposed by Senators Thom Tillis and Angela Alsobrooks. This proposal maintains activity-based rewards linked to actual platform use while limiting idle balance-based earnings. Grewal criticized banks for failing to provide substantial evidence that stablecoin balance rewards pose a risk of deposit outflows, urging banking trade associations to accept the agreement.
Coinbase Legal Chief Confident in Clarity Act Passage by Summer's End
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