Coinbase Chief Policy Officer: Company Engages in Stablecoin Yield Negotiations, Emphasizes Focus on the "GENIUS Act" and Public Interest

Odaily News: Coinbase Chief Policy Officer Faryar Shirzad posted an update regarding the progress of stablecoin yield negotiations, stating that Coinbase and its CEO Brian Armstrong have been continuously involved in related discussions for several months and have proposed multiple possible compromise solutions.

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