Coinbase Opposes Stablecoin Yield Rules Again

[lingriiddd]

Coinbase has once again pushed back against proposed stablecoin yield restrictions in the latest version of the Digital Asset Market Clarity Act. During a recent meeting with Senate offices, the exchange raised concerns about provisions that could ban yield on stablecoin balances, marking the second time it has stalled progress on the bill over the same issue.

At the center of the disagreement is uncertainty. The proposed rules would leave key definitions to regulators in the future, making it difficult for Coinbase to predict how its business model would be affected. With stablecoin revenue accounting for a significant portion of its income, the exchange is unwilling to support legislation that could reshape its core operations without clear guidelines.

[madtrader]

nothing like asking for rules and then rejecting them when they show up