Coinbase News: CEO Advocates for Inclusive Stablecoin Regulations in the US

In a recent development, Coinbase CEO Brian Armstrong has taken a stance on the regulation of stablecoins in the United States, advocating for inclusive regulations that cater to the interests of consumers. Here’s a closer look at his arguments and the broader implications for the cryptocurrency industry.

Coinbase CEO Calls for Stablecoin Legislation to Include Yield-Bearing for Consumers

Coinbase CEO Brian Armstrong has highlighted the need for stablecoin regulations in the US to include yield-bearing opportunities for consumers. Armstrong argues that regulatory frameworks should not favor banks over crypto companies and should allow both to distribute interest to consumers. Bitwise’s Matt Hougan has also expressed displeasure towards arguments against yield-bearing stablecoins. US lawmakers are currently considering two bills, the GENIUS and STABLE Acts, aimed at establishing regulations for stablecoin issuance in the country.

Coinbase Announces DOGINME, KEYCAT Listing; Price Skyrockets

Coinbase announced that it would start supporting the trading of Doginme (DOGINME) and Keyboard Cat (KEYCAT) from April 1. This move is expected to expose both tokens to millions of crypto enthusiasts and could greatly increase their market reach. However, Coinbase clarified that listing support for these tokens might be limited in some jurisdictions. The announcement has sparked a wave of Optimism among investors, leading to a surge in trading volumes and price increases.