Coinbase CEO: Opposes due to potential reduction of user incentives from cryptocurrency rewards legislation

Coinbase CEO Brian Armstrong posted on the X platform that if the cryptocurrency rewards ban becomes law, it would benefit the company more due to the large rewards Coinbase pays to USDC holders. However, he does not wish for this to happen, as rewarding users is more beneficial for customers, and maintaining the competitiveness of regulated stablecoins on the global stage is more advantageous for the United States.