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0.000492926504658127 -0.000542219155124038 -0.00409128998866275 -0.000394341203726586 -0.00786217774929757 -0.00934095726327196 -0.0080593483511608 -0.0289431655740129
Stock impact report

Coinbase CLO Tells Lawmakers to Back Crypto Rewards or Abandon CLARITY Act [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
His public intervention comes as Senate stablecoin yield negotiations enter a critical stretch. The pushback arrived in a public post on X. Grewal framed the debate as a binary choice for legislators weighing the Tillis-Alsobrooks yield compromise. Banks and Crypto Clash Over Stablecoin Yield The Senate draft from Thom Tillis and Angela Alsobrooks would ban passive yield on stablecoin balances. It would permit only narrow activity-based rewards tied to payments, transfers, or platform use. Banking groups have lobbied for an even tighter restriction. They argue that rewards on idle balances could trigger deposit flight from traditional banks. Grewal has dismissed the deposit flight argument for months, calling it a theoretical claim unsupported by data. A recent White House Council of Economic Advisers report backed him up. It found that banning stablecoin yield would increase bank lending by just 0.02%. Stablecoin-related revenue made up roughly 19% of Coinbase's 2025 revenu Show less Read more
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