Coinbase CEO Calls for Modernized Stablecoin Laws to Allow Interest Payments

Brian Armstrong, CEO of Coinbase, urges U.S. lawmakers to update financial regulations and allow stablecoin users to earn interest on their assets. He compares stablecoins to traditional checking accounts, highlighting the opportunity for greater user benefits. Currently, U.S. laws prevent stablecoin issuers from offering interest payments to users, despite the technology’s potential. Armstrong argues that this lag hinders innovation and prevents a fairer distribution of rewards.