CEX CEO: Banning the provision of stablecoin yields is actually more beneficial for CEXs

GateUser-6433627c · 2026-02-14T01:04:02+00:00

CEX CEO Brian Armstrong stated that if banning cryptocurrency rewards becomes law, CEX profits might increase, but he believes this situation is detrimental to consumers and the competitiveness of the United States. The context he mentioned is the recent controversy surrounding the "CLARITY Act."

GateUser-6433627c

2026-02-14 01:04:02

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On February 14, CEX CEO Brian Armstrong posted on social media stating: “Ironically, if a ban on cryptocurrency rewards becomes law, CEX’s profits would actually increase because we currently pay high rewards to customers holding USDC. But we don’t want this to happen. Allowing customers to earn rewards is better for consumers, and keeping regulated stablecoins competitive on the global stage is also more beneficial for the United States.” It is reported that Brian Armstrong’s comments are in response to the recent CLARITY Act dispute, which concerns whether to ban or restrict platforms from offering stablecoin yields to users.

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