Coinbase CLO Paul Grewal Predicts Crypto Bill Deal In 48 Hours

The Road to CLARITY Act

Since at least 2021, the United States lacked a comprehensive regulatory framework for digital assets, creating uncertainty for crypto companies and investors. Coinbase has been at the forefront of pushing for clear legislation, with its Chief Legal Officer Paul Grewal playing a leading role in Washington D.C. advocacy efforts.

A separate crypto market structure bill, FIT21, passed the House of Representatives in 2025, highlighting growing legislative momentum in Washington. The main sticking point remained how to handle interest payments and yields on stablecoins.

Paul Grewal’s latest prediction comes amid growing optimism that a final compromise on this issue could be reached very soon, potentially unlocking the bill’s progress toward becoming law.

Note: The following reflects OCT editorial assessment based on current market sentiment.

Limitations and the Road Ahead

While Paul Grewal’s prediction of a deal within 48 hours has generated excitement, such aggressive timelines in U.S. Senate negotiations are often subject to last-minute delays or breakdowns. Senate leadership and committee chairs have not confirmed any agreement so far.

Even if lawmakers reach a compromise in the coming days, the CLARITY Act must still clear several hurdles, including a full Senate vote, possible reconciliation with the House version, and a presidential signature before it becomes law. Political opposition and unresolved technical details around stablecoin regulation could still introduce significant delays or alterations to the final bill.

Some policy analysts remain cautious about the timeline. Legislative negotiations involving multiple stakeholders often face last-minute revisions, particularly on complex issues like stablecoin regulation and jurisdictional oversight between agencies such as the SEC and CFTC.

What Readers Should Watch Next

Over the next 48 hours, market participants will closely monitor whether lawmakers or Coinbase executives confirm that a deal has been reached. Any official statement from Senate leadership or key policymakers involved in the negotiations could provide clearer direction on the bill’s progress.

At the same time, crypto markets are likely to react quickly to both positive and negative developments. Assets such as Bitcoin and Ethereum, along with crypto-related equities, may see increased volatility depending on headlines surrounding the negotiations.

If a deal is reached, attention will then shift to the legislative process, including a potential Senate vote and any required reconciliation with the House before the bill can be signed into law.

While Grewal’s prediction signals rising momentum, the outcome remains uncertain as lawmakers continue to negotiate key provisions. The coming days are likely to be critical in determining whether the United States moves closer to long-awaited crypto regulatory clarity.