The post Coinbase Challenges GENIUS Act Amendments Amid Global Digital Currency Shifts appeared on BitcoinEthereumNews.com.

Key Points: Coinbase opposes GENIUS Act changes affecting stablecoin rewards. The digital yuan competes with U.S. stablecoins. U.S. policies may reshape digital payments globally. Coinbase has expressed concerns that proposed amendments to the GENIUS Act could weaken the U.S. role in global digital payments by limiting stablecoin rewards. This situation presents a complex challenge for U.S. policymakers amidst rising global competition and developing digital currencies like China’s digital yuan with interest-bearing features. Coinbase Defends Stablecoins Against Legislative Amendments Coinbase is opposing legislative changes to the GENIUS Act. The company argues the amendments would restrict stablecoin reward options, potentially undermining the strength of the dollar globally. Brian Armstrong reiterated that Coinbase’s position is unwavering on maintaining regulatory norms favorable for cryptocurrency growth. Amendments to the Act could result in U.S. legislators curtailing stablecoin incentives, making stablecoins less appealing compared to alternatives like the digital yuan. President Trump signs Genius Act into law raised hopes for a robust digital currency ecosystem. Coinbase warns that such moves might limit the competitive potential of stablecoins in the global market. Coinbase’s advocacy is part of a broader push to ensure that U.S. digital currency regulations do not hinder competitiveness. “Coinbase will not allow anyone to amend the act; this is Coinbase’s red line, and they will continue to protect the interests of their customers and the cryptocurrency industry.” – Brian Armstrong, CEO, Coinbase Strong reactions have emerged from several corners, with banks lobbying for changes on perceived competitive grounds. Armstrong’s public declarations stressed that Coinbase will defend their customer interests vehemently, positioning Coinbase as a critical stakeholder in the legislative process. GENIUS Act’s Impact on Global Stablecoin Dynamics Did you know? The GENIUS Act marks the first significant federal attempt to regulate stablecoin issuers in the U.S., requiring robust compliance measures and reserve practices. This…

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Filed under: News - @ January 7, 2026 3:26 am