Coinbase Threatens to Abandon Crypto Bill Over Stablecoin Rewards Dispute

TLDR: Coinbase may withdraw support if bill restricts stablecoin rewards beyond disclosure requirements Banking industry opposes rewards claiming they drain deposits and threaten community lending power Stablecoin revenue reached $1.3 billion for Coinbase in 2025, making rewards business-critical Bipartisan support erodes as Senate markup approaches Thursday with passage odds below 70 percent    Coinbase threatens [...]

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