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COINBASE CEO LOBBIES U.S. LAWMAKERS TO PROTECT CRYPTO REWARDS
According to Bloomberg, #Coinbase CEO Brian Armstrong has recently met with U.S. lawmakers on Capitol Hill, focusing on opposing potential legislation that could restrict stablecoin rewards.
Armstrong said banking lobbying groups are pushing for legal limits on reward mechanisms to weaken crypto’s ability to compete for capital, adding that Americans should have the right to earn higher yields on their funds.
Previously, a digital asset market structure bill that Armstrong opposed was postponed, while the Senate may still vote on an amendment that would fully ban #stablecoin rewards.