Summary
- Coinbase CEO Brian Armstrong said he hopes the Clarity Act, which would bring regulatory clarity to the US digital-asset industry, will pass soon.
- Armstrong had withdrawn his support over the ban on stablecoin interest, though the conflict appears to have eased recently.
- Coinbase CLO Paul Grewal said he expects Senate Banking Committee review followed by a floor vote, with visible progress possible within the next few weeks.
Forecast Trend Report by Period
Attention is focused on whether the Clarity Act, legislation aimed at giving the US digital-asset industry regulatory clarity, can clear Congress. Coinbase Chief Executive Officer Brian Armstrong, who had clashed over a provision barring interest on stablecoins, said he now hopes the bill will pass soon.
Armstrong wrote on X on July 10 that “it’s time to pass the Clarity Act.” He also expressed gratitude that a strong bill had been crafted through bipartisan cooperation over the past several months.
He had previously objected to the legislation and withdrawn his support because of the provision banning stablecoin interest.
More recently, however, the dispute over stablecoin interest payments appears to have eased somewhat. Coinbase Chief Legal Officer Paul Grewal said in a recent interview that he believes the two sides are very close to an agreement. He said the bill would go through the Senate Banking Committee before moving to a floor vote.
He added that visible progress could come within the next few weeks.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
