According to Bloomberg, Coinbase is ramping up lobbying efforts with U.S. lawmakers, aiming to preserve its business model of offering rewards to stablecoin holders in the upcoming Senate review of the crypto asset market structure bill. Sources say that if the bill introduces restrictions on the reward mechanism beyond disclosure requirements, Coinbase may reconsider its support for the legislation. The debate centers on whether only regulated financial institutions should be allowed to pay rewards on stablecoin balances. The banking industry argues that such practices could divert traditional deposits, while the crypto industry warns this would weaken competition and impact platform revenue. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54912