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Coinbase Chief Policy Officer: The company is involved in stablecoin revenue negotiations, emphasizing the Act and public interest at the core
Odaily Planet Daily reports that Coinbase Chief Policy Officer Faryar Shirzad stated that Coinbase and CEO Brian Armstrong have been continuously involved in negotiations regarding stablecoin yields for several months and have proposed multiple potential compromise solutions.
Shirzad said that the company always prioritizes the goals of the GENIUS Act and the interests of the general public. He also thanked Patrick Witt, Executive Director of the President’s Advisory Council on Digital Assets, for his efforts in advancing the negotiations and looks forward to progress on the legislative agenda.