Coinbase Policy Officer: Has committed to multiple potential compromise plans, looking forward to reaching an agreement on stablecoin yield issues

Mars Finance reports that on February 28, Coinbase Chief Policy Officer Faryar Shirzad stated that Coinbase and CEO Brian Armstrong have been involved in negotiations for months and have committed to multiple potential compromise plans. Coinbase has always prioritized protecting the GENIUS Act and the interests of ordinary Americans. He also thanked Patrick Witt, Executive Director of the Digital Asset Advisory Committee, for his efforts in promoting problem resolution and looks forward to the successful implementation of the presidential crypto agenda. Senior journalist Sander Lutz from Decrypt said that the White House originally hoped to reach an agreement on stablecoin yield issues by the end of this week, but a banking industry insider directly involved in the negotiations said that goal “will not be achieved.” Currently, the crypto industry and banking lobbying groups still have significant disagreements over whether stablecoins should generate yields. This dispute has become a major obstacle to advancing the Crypto Market Structure Bill and directly points to Coinbase CEO’s insistence that stablecoins should be able to generate yields for users.