Coinbase Might Reevaluate Backing for US Market Structure Proposal

Reports indicate Coinbase could retract its support for the proposed US market structure bill due to potential restrictions on stablecoin rewards.

According to Bloomberg, Coinbase is contemplating pulling its support for the United States market structure bill. The potential reason for this reconsideration appears to stem from concerns that the legislation may impose extensive restrictions on rewards associated with stablecoins.