Coinbase exec: Deal on stablecoin interest for US crypto bill is near

Paul Grewal, Chief Legal Officer (CLO) of Coinbase, said an agreement on the issue of stablecoin interest within the U.S. crypto market structure bill (CLARITY) is close to being reached, The Block reported, citing an interview with Fox Business. Grewal argued that the matter of stablecoin interest should not be conflated with other challenges facing the banking sector. He noted that while banks have expressed concerns about potential rapid deposit outflows if stablecoin interest were permitted, they have failed to provide concrete evidence. Grewal expressed optimism that the CLARITY bill aligns with the pro-crypto policies of the Trump administration and expects congressional proceedings to advance soon.