Coinbase, that crypto titan, is playing the “I’m-a-little-teapot” game with a U.S. crypto bill, spilling tea over stablecoin rewards! 🚫🪙
Coinbase, the crypto king of the hill, just whispered to Congress, “Hey, maybe we’re out!” Why? Stablecoin rewards are now a “hot potato” they might drop. Bloomberg says restrictions could make Coinbase throw a “revenue tantrum” louder than a Bitcoin price crash. Lobbyists? Oh, they’re swarming Congress like bees to honey-Monday’s bill drop is coming, and Coinbase is already drafting exit signs! 🚪
Stablecoin Rewards: The New Crypto Wild West Gunfight 🤠
Stablecoin rewards are Coinbase’s cash cow with a tuxedo and a monocle. They earn bennies from Circle’s USDC reserves, then hand out free interest to users like it’s Halloween candy. When the market’s tanking, this cash flow keeps Coinbase from turning into a “crypto ghost town.” But now? The GENIUS Act is here to rain on their parade, telling stablecoin issuers to stop handing out interest like confetti. Circle’s on board, but Coinbase? They’re holding their ground like a goldfish in a hurricane! 🐠🌀
Related Reading: Coinbase to Pause USDC-Peso Trading in Argentina Starting January 2026 | Live Bitcoin News
The GENIUS Act (July 2025) says stablecoins can’t give direct interest-Circle’s on the hook-but third-party platforms can still play banker. Coinbase? They’re dishing out 3.5% rewards on USDC balances like it’s a Black Friday sale. In 2025, this cash cow dropped $1.3B in revenue-so proposed limits? That’s a “financial face-palm” moment. 😬
Congress is cooking up a market structure bill Monday, with Senate markups Thursday. Sources say Coinbase is screaming, “No more restrictions than a traffic cone in Times Square!” Banks? They’re cheering from the sidelines, claiming stablecoin rewards are stealing deposits like a kleptomaniac at a buffet. Coinbase? They’re throwing more lobbyists at the problem than a circus has clowns! 🎪
Coinbase’s Revenue Roulette: Spin or Bust? 🎰
If restrictions keep climbing, Coinbase might yank its support for the bill faster than you can say “crypto winter.” This isn’t just politics-it’s a power move! Coinbase is Washington’s crypto golden goose, and if they honk, the bill might crumble like a house of cards made of Bitcoin. 🏗️💥
Stablecoin rewards are Coinbase’s “revenue trifecta”: USDC reserves, Circle’s cash flow, and a minority stake in Circle. Restrictions? That’s a three-alarm fire for their wallet. No incentives = fewer users, less liquidity, and a revenue contraction so painful it’ll make the SEC’s lawsuit seem like a pinprick. 🤕
But wait! Coinbase just won a legal battle against the SEC in February 2025, making them the “crypto underdog with a PhD in regulation.” Now they’re negotiating with the confidence of a magician pulling rabbits out of a hat… while holding a white flag. 🥊🐇
Lawmakers want clear rules for crypto, but Coinbase’s saying, “Clarity is great, but don’t cut my throat!” The bill’s a tightrope walk between order and chaos, and Coinbase’s balancing act? More precarious than a Bitcoin ETF approval during a bear market. 🐻📉
In the end, stablecoins are the new “political flavor of the month,” and Coinbase’s moves could decide crypto’s fate in 2026. Will they save the bill or become the villain in a crypto soap opera? Only time will tell… or maybe a well-timed tweet. 🐦💣
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2026-01-12 14:33