Coinbase Predicts CLARITY Act Breakthrough in Just 48 Hours-Crypto Could Skyrocket!

by

CLARITY Act Bill May Be Finalised in 48 Hours, Says Coinbase CLO

A significant step forward for cryptocurrency regulation in the U.S. might be happening soon with the CLARITY Act. Coinbase’s Chief Legal Officer, Paul Grewal, says they could reach an agreement on how stablecoins are rewarded within the next two days.

The bill’s passage was delayed for months due to conflicts between cryptocurrency firms and traditional banks, which hindered its advancement.

Coinbase CLO Expects CLARITY Act Deal in 48 Hours

Paul Grewal recently explained that the CLARITY Act is an important next step after last year’s GENIUS Act, which he believes was a major turning point for the cryptocurrency world.

As an analyst, I’ve been following the development of stablecoin regulation closely. The GENIUS Act was a good first step in setting some ground rules, but it didn’t fully clarify *who* should oversee these assets. Specifically, it’s still unclear whether the SEC or the CFTC has primary responsibility for different types of digital assets, creating some uncertainty in the market structure.

As an analyst, I see the core aim of the Clarity Act as establishing a straightforward regulatory framework for digital assets. Specifically, it seeks to definitively determine which assets the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should oversee. Essentially, it’s about clarifying jurisdictional lines.

Grewal is optimistic that an agreement on the CLARITY Act’s rules for stablecoin rewards is likely within the next two days, which would clear the way for the bill to move forward.

Why Stablecoin Rewards Became a Major Issue

The central conflict involved cryptocurrency companies and traditional banks. Banks worried that if crypto platforms started offering attractive returns on stablecoins, customers might be tempted to transfer their money from bank accounts to these platforms.

Crypto companies countered that limiting rewards would stifle competition and reduce the advantages for customers.

Recently, Senators Thom Tillis and Angela Alsobrooks, among others, put forward a potential agreement. This plan would prohibit stablecoin holders from earning rewards simply for having a balance, but would still allow them to earn rewards through actions like making payments or using the platform.

Coinbase didn’t think the proposed version was good enough and felt the limitations were still too extensive.

Polymarket: 61.5% Chance CLARITY Act Passes in 2026

I’m keeping a close eye on the CLARITY Act. If they can come to an agreement quickly, it’ll start moving through Congress. But it’s not a done deal yet – it still needs to pass the Senate, get reconciled with whatever the House of Representatives passes, and then, of course, Trump would have to sign it into law. Lots of hurdles still, but it’s a positive step if they can get past this initial snag.

According to Polymarket, there’s currently a 61.5% probability that Donald Trump will sign the bill into law if it’s approved this year.

Experts warn that delays could push the timeline into 2026 due to midterm election politics.

Never Miss a Beat in the Crypto World!

Get the latest information on Bitcoin, altcoins, and the world of digital finance with our breaking news, in-depth analysis, and live updates on trends like DeFi and NFTs.

FAQs

If the CLARITY Act passes without addressing rewards programs, it could hinder the growth of cryptocurrency in the U.S., limit benefits for users, and stifle the development of decentralized finance. Delays in passing the Act could push back clear crypto regulations until 2026, potentially harming investor confidence and slowing down innovation. If the Act is delayed, the crypto market might become more uncertain, investment could slow, and demand for stablecoins and related DeFi products could temporarily decrease.

Read More

2026-04-02 09:55