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Coinbase Opposes Stablecoin Yield Rules in Senate Crypto Bill

Published 1 week, 1 day ago
Description

Coinbase objects to new stablecoin yield rules in Senate crypto bill, meeting with lawmakers to voice concerns. Banks worry about potential deposit loss, while crypto firms see it as a key revenue stream. Lawmakers from both parties are now driving talks to revive the legislation, with optimism growing amid pressure to match the House version. The bills path hinges on balancing crypto growth with banking stability.

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