Coinbase optimistic about upcoming resolution of U.S. digital currency regulatory issues

A Coinbase official expressed optimism that digital currency regulatory documents in the United States will soon progress, especially the “Clarity Act” project, which is an important step towards establishing a clearer legal framework for the market.

Paul Grewal, the company’s legal director, explained that the parties involved are very close to reaching an agreement, stressing that despite the importance of existing laws, the work is not yet complete as the market still requires a comprehensive regulatory framework that clearly defines its structure.

He believes completing this path is necessary to realize the vision of the United States as the global digital currency capital.

Grewal noted that the issue of stablecoin rewards remains a major point of contention, but at the same time, it is becoming increasingly important in current discussions.

He also highlighted the lack of evidence that stablecoins lead to bank deposits being withdrawn, and warned against confusing the issue with challenges facing traditional banking.

On the other hand, these remarks also attracted official attention, and White House Digital Currency Advisor Patrick Witt briefly commented on the government’s subsequent developments.

He has previously warned that the industry may face stricter policies in the future, especially if there is a change of government.

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