Coinbase Exec Blasts Banking Lobby’s Stablecoin Push as ‘Unamerican’ Overreach
Coinbase warns that banning third-party stablecoin benefits would trigger unprecedented, far-reaching, and unpredictable consequences. Crypto exchange Coinbase has sharply criticized a group of major US banking associations after they urged federal regulators to ban merchant rewards, cashbacks, and discounts offered to customers who pay with stablecoins. The latter argued such perks amount to “indirect…
