Coinbase Chief Legal Officer Paul Grewal expressed strong confidence that a key crypto-banking deal within the Digital Asset Market CLARITY Act will pass within 48 hours. Grewal stated the U.S. is near a major regulatory breakthrough, contrasting with Coinbase’s previous holdout that surprised official Patrick Witt. Market sentiment reflected this shift, as prediction market Polymarket showed odds for the act’s passage rising to 65%.
An interesting development has emerged regarding the Digital Asset Market CLARITY Act of 2025. Coinbase Chief Legal Officer Paul Grewal recently shared optimism about the crypto bill’s passage despite bank resistance. He revealed a deal between crypto and banks will likely pass within the next 48 hours, stating, “I’m very confident we’re going to see progress.”
Grewal emphasized that other bill elements are critical for fulfilling former President Trump’s vision for U.S. crypto leadership. He argued rules differ for banks and crypto because “the game is very different,” comparing fractional reserve banking to stablecoin operations. Grewal rejected claims stablecoins cause deposit flight, noting, “There has been no evidence of deposit flight whatsoever.”
This optimism followed a recent holdout by Coinbase, which had prompted a warning from Patrick Witt, executive director of the President’s Council on Digital Assets. Witt expressed his surprise upon hearing Grewal’s shifted stance. Meanwhile, positive sentiment was confirmed by prediction market Polymarket, where odds for the act being signed into law in 2026 stood at 65%.
