Coinbase Chief Policy Officer: Company Engaged in Stablecoin Yield Negotiations, Citing GENIUS Act and Public Interest as Core

According to Odaily, Coinbase Chief Policy Officer Faryar Shirzad posted an update on the progress of stablecoin yield negotiations, stating that Coinbase and CEO Brian Armstrong have been actively involved in related discussions for several months and have proposed multiple potential compromise solutions.

Shirzad stated that the company has always focused on upholding the objectives of the GENIUS Act and the interests of ordinary citizens. He also thanked Patrick Witt, Executive Director of the President's Digital Assets Advisory Committee, for his efforts in advancing the negotiations and expressed anticipation for progress in the relevant legislative agenda.