The Battle for Market Structure: Paul Grewal Warns Banks Are Re-Litigating Stablecoin Yield

Coinbase Chief Legal Officer Paul Grewal joins Jennifer Sanasie and Renato Mariotti to discuss the banking industry’s latest attempt to strip economic benefits from crypto users. As the 2026 Market Structure bill hits the "last push" in Congress, Grewal reveals the high-stakes battle over stablecoin yield and why Coinbase is doubling down on prediction markets. - Timecodes: 01:28 - The final push for the 2026 Market Structure bill 03:08 - The fight for stablecoin yield 05:48 - Fighting back against state-level enforcement 07:12 - Coinbase's Prediction Market Strategy 09:07 - Why the 2026 midterms will fuel prediction markets 11:27 - The crypto derivatives boom 13:22 - Future of Prediction Market - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP