Deep Tide TechFlow News, May 6th, according to The Block, Coinbase Chief Legal Officer Paul Grewal stated that he is "very confident" that the Clarity Act will pass before the end of this summer, and called on banking trade associations to accept the current stablecoin compromise plan. Paul Grewal believes that the banks' objections to core deposit outflows lack basis, and warns that if they reject the compromise plan, the banking industry will face the Genius Act and other legislation that are more unfavorable to them.

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