COINBASE MAY PULL SUPPORT FROM CLARITY ACT OVER #stablecoin REWARDS
According to Bloomberg, Coinbase could withdraw its support if the bill restricts stablecoin rewards beyond basic disclosure requirements.
Stablecoin rewards are a major revenue driver for Coinbase, which also holds a stake in Circle, the issuer of $USDC .
The bill is scheduled for Senate markup this week. The Senate Banking Committee has targeted January 15, 2026, for a committee vote on the landmark crypto market structure bill (H.R. 3633), which aims to:
- Clarify SEC vs. CFTC oversight - Establish clear rules for crypto firms - Set standards for DeFi and stablecoins
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