Coinbase Chief Legal Officer Paul Grewal stated that he "is very confident" the Clarity Act will pass before the end of this summer, and he supports the compromise plan for stablecoin rewards proposed by Senators Thom Tillis and Angela Alsobrooks. The plan retains activity-based rewards related to actual platform usage and limits idle earnings based on balances. Grewal said that banks have failed to provide substantive evidence that stablecoin balance rewards pose a risk of deposit outflows, and he called on banking trade associations to accept the agreement. (The Block)