Odaily Planet Daily reports that Coinbase CEO Brian Armstrong posted on X stating that if the cryptocurrency reward ban becomes law, the law would benefit the company more because Coinbase has paid out large rewards to users holding USDC. However, he does not want this to happen. Rewards for users are more beneficial to customers, and maintaining the competitiveness of regulated stablecoins on the global stage is more advantageous for the United States.
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Coinbase CEO: Opposes due to Cryptocurrency Incentive Act potentially reducing user incentives
Odaily Planet Daily reports that Coinbase CEO Brian Armstrong posted on X stating that if the cryptocurrency reward ban becomes law, the law would benefit the company more because Coinbase has paid out large rewards to users holding USDC. However, he does not want this to happen. Rewards for users are more beneficial to customers, and maintaining the competitiveness of regulated stablecoins on the global stage is more advantageous for the United States.