Coinbase (NASDAQ:COIN) Chief Legal Officer Paul Grewal told Fox Business on Wednesday that the Clarity Act will see progress within 48 hours.

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“I think we’re very close to a deal,” Grewal said, stressing his confidence in the process.

“Key elements of the bill are critically important to making sure that President Trump’s vision of the United States as the crypto capital of the world is fulfilled,” he added.

The landmark crypto markets bill has been in legislative limbo since January as the crypto industry, banks, regulators, and elected officials struggle to reach agreement on key details.

Grewal says the gridlock may loosen.

Most polls suggest Republicans…

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