Coinbase raises pressure as crypto bill moves to Senate markup
[NEW YORK] Coinbase Global is escalating pressure on US lawmakers to preserve its ability to offer rewards to customers who hold stablecoins, an offering the company sees at risk if certain restrictions under discussion make it into a major crypto bill set to be unveiled on Monday (Jan 12).
The largest US crypto exchange may reconsider its support for the digital-asset market-structure bill, scheduled for markup in at least one Senate committee on Thursday, if the text includes anything beyond enhanced disclosure requirements tied to rewards, according to a source familiar with the firm’s thinking.
Coinbase did not respond to requests for comment.
One option under consideration, according to industry insiders, would restrict the…
