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COINBASE CEO: WE WILL NOT ALLOW THE GENIUS ACT TO BE AMENDED — THIS IS COINBASE’S RED LINE

2025-12-27 22:52:00 2 hours ago CoinRank

CONTENT

Coinbase CEO Brian Armstrong said banks are lobbying Congress to amend the GENIUS Act, but Coinbase sees this as a red line and will oppose any changes. He added banks will eventually embrace stablecoins, making current opposition futile. The Act bans issuers from rewards but allows exchanges—changes could hurt innovation.

WRITER’S INTRO

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