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<ul class="wp-block-list"><li>CLARITY Act nears deal as stablecoin yield dispute between banks and crypto firms moves toward resolution.</li><li>Bill aims to define SEC and CFTC roles, but Senate timeline may shift due to draft revisions and opposition.</li><li>Market sentiment remains cautious, with reduced confidence in the bill’s passage despite ongoing negotiations.</li></ul><p>A potential breakthrough on the CLARITY Act could happen by the end of the week with Coinbase Chief Legal Officer Paul Grewal said a deal could be reached within 48 hours. Speaking on <a href="https://www.foxbusiness.com/video/6392347797112" rel="noopener noreferrer nofollow">FOX Business</a>, Grewal pointed to progress on stablecoin yield provisions, which have delayed the bill, as negotiations between crypto firms and banks continue ahead of a possible Senate markup.</p><h2 class="wp-block-heading" id="strong-yield-dispute-remains-key-issue-strong"><strong>Yield Dispute Remains Key Issue</strong></h2><p>According to <a href="https://cryptofrontnews.com/coinbase-clo-dismisses-solana-criticism-highlights-legal-support/" rel="noopener noreferrer nofollow">Paul Grewal</a>, the disagreement over stablecoin rewards has been the main barrier to progress. Banks and crypto firms have clashed over whether companies should offer yield to users. However, recent talks suggest both sides are moving closer to an agreement.</p><p>Notably, Grewal stressed urgency in finalizing the bill after last year’s GENIUS Act passage. He described that legislation as a key milestone. However, he said the CLARITY Act carries broader importance for defining crypto market structure.</p><p>Furthermore, the bill aims to clarify regulatory oversight between the SEC and the CFTC. This distinction remains a core issue for digital asset firms. Therefore, resolving the yield provision could unlock the next phase of legislative progress.</p><h2 class="wp-block-heading" id="strong-senate-timeline-faces-adjustments-strong"><strong>Senate Timeline Faces Adjustments</strong></h2><p>Despite momentum, timing around the bill remains uncertain. According to Crypto in America, the Senate will likely delay releasing the latest draft text. A spokesperson for Senator Thom Tillis cited concerns about early opposition slowing the process.</p><p>Meanwhile, discussions between <a href="https://cryptofrontnews.com/senators-strike-stablecoin-deal-clarity-act-moves-forward/" rel="noopener noreferrer nofollow">industry groups and lawmakers</a> have continued behind closed doors. These talks followed pushback against a prior draft supported by Senators Tillis and Angela Alsobrooks. As a result, stakeholders are working to refine key provisions before public release.</p><p>Additionally, Grewal expressed confidence that the Senate Banking Committee could hold a markup this month. This step would move the bill closer to a floor vote.</p><h2 class="wp-block-heading" id="strong-market-expectations-show-caution-strong"><strong>Market Expectations Show Caution</strong></h2><p>While negotiations continue, market sentiment reflects measured expectations. Data from Polymarket shows a 51% probability that <a href="https://cryptofrontnews.com/trump-signs-cyber-order-protecting-crypto-in-post-quantum-era/" rel="noopener noreferrer nofollow">Donald Trump</a> signs the bill into law this year. This marks a decline in trader confidence compared to earlier projections.</p><p>At the same time, traders have reduced exposure tied to the bill’s outcome. However, ongoing negotiations indicate that key stakeholders remain engaged in shaping the final framework.</p><p>As discussions progress, the focus remains on resolving outstanding issues before advancing to the next legislative stage.</p><p>The post <a href="https://cryptofrontnews.com/coinbase-clo-paul-grewal-says-clarity-act-deal-likely-by-friday/" rel="noopener noreferrer nofollow">Coinbase CLO Paul Grewal Says CLARITY Act Deal Likely by Friday</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Coinbase CLO Paul Grewal Says CLARITY Act Deal Likely by Friday

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