Coinbase Chief Legal Officer Paul Grewal said in an interview with Fox Business that although the U.S. Crypto Market Structure Act Clarity Act still debates "stablecoin yields," the relevant provisions are "very close to reaching an agreement." Grewal also stated that the banking industry is pushing to limit crypto platforms from earning yields on idle stablecoin balances in the bill, citing concerns over deposit outflows, but currently "there is no evidence of deposit outflows," and he emphasized that the issue of stablecoin yields should not be conflated with other challenges faced by the banking industry today. (The Block)