Coinbase threatens to abandon support for crypto legislation
Coinbase Global Inc. is putting lawmakers on notice that it might walk away from a key digital asset bill if new restrictions threaten its ability to pay customers who hold stablecoins on its platform.
The nation’s biggest cryptocurrency exchange could reverse its backing for legislation aimed at creating rules for the crypto market, which lawmakers plan to release Monday and review in Senate committee proceedings Thursday, a source close to the company told Bloomberg. The exchange wants any provisions about customer rewards limited to requiring more transparency, rather than outright bans or major limitations.
Some proposals being discussed would only let licensed financial institutions offer such rewards, according to people…
