GSR CLO doubts the passage of the Clarity Act in the current congressional session.

KuCoinFlash

Release Time: 05/14/2026 13:16:39

Summary

GSR CLO Joshua Riezman told Odaily that the Clarity Act has less than a 50% chance of passing this session, contradicting Coinbase’s position. He cited debates over stablecoin yields and ethical concerns as obstacles. Riezman also expects stablecoins to reach $1 trillion to $3 trillion and major firms to tokenize assets. While crypto news reflects growing regulatory uncertainty, long-term tokenization trends remain robust.

Odaily Planet Daily report: GSR Chief Legal Officer Joshua Riezman stated in an interview that the probability of the Clarity Act being submitted to the president for signature during this session of Congress is less than 50%. This assessment contrasts with the prediction by Coinbase Chief Legal Officer Paul Grewal that the bill will pass this summer.

Riezman noted that congressional disputes over stablecoin yields and ethical concerns involving the president’s family are major obstacles. Additionally, he predicted that the stablecoin market size will ultimately reach $1 trillion to $3 trillion, and that most S&P 500, Nasdaq, and NYSE-listed companies will tokenize their assets within the coming years.

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