Coinbase Teams Up With The White House Against Wall Street [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance
Coinbase Teams Up With The White House Against Wall Street - Moby THE GIST President Trump is taking a swing at Wall Street this week, teaming up with Coinbase CEO Brian Armstrong to push for "stablecoin yields." The unlikely pair wants to make it easier for people to earn interest on digital dollars like USDC, which offers a 3.85% APY to eligible Coinbase users. Wall Street reacted instantly to the news, sending Coinbase stock soaring over 15% after Trump signaled his support for new crypto legislation on Truth Social. WHAT HAPPENED President Trump operates by way of grievance but that only works if he has an enemy to rally others. Cue Armstrong, who's been a staunch supporter of the president since mid-2024. Armstrong isn't the most beloved tech CEO, but he'll do just about anything to ensure Coinbase succeeds. And in true crypto fashion, that means going after the big, bad banks like JP Morgan, Citi, and Bank of America. But Armstrong can't turn Coinbase into the fin
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