Coinbase CLO Paul Grewal says the Senate version of the CLARITY Act is close to compromise and could move toward markup, but the official Senate record still shows the committee’s last scheduled session as postponed, leaving the timing of any floor action unresolved.
Key Takeaway
- Paul Grewal’s optimism comes from reported remarks, not a new Senate scheduling notice.
- The public record confirms House passage, Senate referral, and a markup page that still reads postponed.
- Stablecoin yield, DeFi, ethics, jurisdiction, and developer protections still need resolution before floor-vote talk becomes official.
On April 2, 2026, Cointelegraph reported that Grewal said lawmakers were close to agreement on the core elements of a Senate compromise for the CLARITY Act and were moving toward committee action. That remains a forward-looking statement, not a published scheduling update from the Senate Banking Committee.
“I think we’re very close to a deal.”
Paul Grewal, as quoted by Cointelegraph
What Grewal said and what the official Senate record confirms
Congress.gov lists H.R.3633 as the Digital Asset Market Clarity Act of 2025, introduced on May 29, 2025, and currently marked Passed House. The bill would divide digital-asset oversight between the SEC and CFTC while creating a statutory framework for digital commodities, which is why Senate timing matters for exchanges such as Coinbase.
Congress.gov says the House passed H.R.3633 on July 17, 2025 by a vote of 294-134.
Congress.gov also says the bill was received in the Senate on September 18, 2025 and referred to the Senate Committee on Banking, Housing, and Urban Affairs. That transfer moved the fight from a House coalition to the panel that now controls the next formal step.
The Senate Banking Committee scheduled an executive session on January 15, 2026 to consider H.R.3633, but the same official page still lists that session as POSTPONED. Because the 294-134 House vote is already on the record while the committee page remains POSTPONED, the bullish case has momentum and the bearish case has calendar risk.
Why the Senate CLARITY compromise is still not final
Cointelegraph’s April 2 report said Grewal tied further progress to resolving a stablecoin-yield dispute and getting a markup back on the calendar. Those are the kind of drafting and scheduling frictions that can turn a near-term compromise into a longer negotiation, even after a bill has already cleared one chamber.
In the most recent official committee signal, Chairman Tim Scott said on March 18, 2026 that negotiators had made “a lot of progress” over the prior 30 days while still working through DeFi, ethics, and jurisdiction issues. That means Senate leaders are signaling movement, but not closure.
Developer protections are another live part of the debate. In a policy reaction from Coin Center, the group argued that those safeguards should remain part of any final package, a reminder that crypto policy uncertainty still reaches beyond Capitol Hill into enforcement, balance-sheet planning, and macro risk tracked in Former FTX Engineer Nishad Singh Fined $3.7M in CFTC Fraud Case, Genius Group Sells Bitcoin Treasury After Revenue Jumps 171%, and Trump Threatens Iran With Strikes in Coming Weeks.
“The BRCA must be an integral part of any market structure regime.”
Jason Somensatto, Coin Center
What has to happen before a Senate floor vote can materialize
As of April 2, 2026, the official sources reviewed for this story do not show a rescheduled Senate Banking markup date. That is why talk of a floor vote is still best treated as a single-source report, not an item on the formal Senate calendar.
The gap between rhetoric and procedure is measurable in the public record: House passage, Senate referral on September 18, 2025, and then a committee session that remains POSTPONED. Until that sequence advances, floor-vote timing stays contingent on markup and subsequent Senate scheduling rather than on optimism alone.
The bull case rests on the 294-134 House vote and Tim Scott’s March 18, 2026 statement that talks had made progress over the prior 30 days. The bear case is the still-POSTPONED committee page and the unresolved fights over stablecoin yield, DeFi, ethics, jurisdiction, and developer protections.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
