Coinbase CEO Calls for Reform of Stablecoin Regulation in US Senate

Brian Armstrong, CEO of Coinbase, is urging the U.S. Senate to reconsider its approach to regulating stablecoins. He believes current proposals, like the GENIUS Act and the STABLE Act, are too restrictive and could stifle innovation in the cryptocurrency industry. Armstrong argues that the bills’ limitations on interest payments for stablecoin issuers hinder their ability to offer competitive products and limit user growth.