Coinbase CLO confident CLARITY Act will pass this summer

Coinbase Chief Legal Officer (CLO) Paul Grewal said at Consensys 2026 that he is confident the U.S. CLARITY Act will pass this summer, The Block reported. Grewal voiced support for a compromise on stablecoin interest proposed by Senators Thom Tillis and Angela Alsobrooks. He stated that despite personally participating in numerous meetings and discussions on the risk of deposit outflows claimed by banks, he has not seen any substantial evidence to support the assertion. The proposed compromise would maintain rewards based on platform activity, which are key to exchanges' stablecoin businesses, while limiting interest paid on deposit balances—a practice the banking sector has flagged as a risk. Coinbase has strongly advocated for the inclusion of stablecoin interest in the CLARITY Act.