Coinbase executives mounted a coordinated defense of payment stablecoins, pushing back against a Wall Street Journal column. The article questioned whether privately issued digital dollars pose systemic risk to the US economy.

Chief Legal Officer Paul Grewal and Chief Policy Officer Faryar Shirzad both endorsed the Digital Asset Market Clarity Act. Their statements signaled top-level support for the market-structure bill currently working through the Senate.

The Private Money Pushback

Grewal framed stablecoin oversight as a risk-management question, not a public-versus-private debate.

The Coinbase CLO, who has pushed for regulatory clarity in past testimony, compared digital dollars to private healthcare and…