Coinbase’s top brass is now firmly behind the Digital Asset Market Clarity Act, a piece of legislation the company publicly opposed just months ago. Chief Legal Officer Paul Grewal, CEO Brian Armstrong, and Vice Chair Ryan VanGrack have all thrown their weight behind the bill, calling it a meaningful step toward regulatory certainty for crypto investors and builders in the US.
The endorsement is notable not because a crypto company likes a crypto-friendly bill, but because Coinbase walked away from this exact bill in January 2026 over concerns about provisions that would ban yields on stablecoin holdings.
What changed, and what’s in the bill
The short answer: compromises. The longer answer involves months of negotiations that brought banking industry representatives to the table alongside crypto advocates.
Brian Armstrong acknowledged that banks received many of their requests in the compromise version of the legislation.
