Coinbase Chief Legal Officer: **CLARITY Act** 'Very Close' to Agreement on Stablecoin Yield Issue

BlockBeats News, April 2nd, Coinbase Chief Legal Officer Paul Grewal stated on Mornings with Maria that the CLARITY Act is "very close" to reaching an agreement on the stablecoin yield issue. "I think we are very close to reaching an agreement. We see all parties really appreciate the importance of yield, but other key elements in the bill are also crucial to ensuring Trump's vision of 'making America the world's cryptocurrency capital' is realized. We are moving towards a hearing in the Senate Banking Committee, hoping to hold it as soon as in the coming weeks and ultimately proceed to a full vote."