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Coinbase launches campaign to stop banking industry’s efforts to undo provisions of the GENIUS Act
CNBC Television· 2025-10-01 15:52
Regulatory Landscape & Legislation - Coinbase launched a six-figure marketing campaign against banks advocating for a rollback of crypto exchanges allowing stablecoin rewards [1] - The Genius Act, passed in July, allows crypto exchanges to offer rewards for stablecoins, which banks are now challenging [1][2][3] - The Blockchain Association supports the Genius Act, while banks are attempting to modify it through the Clarity Act [9][10] - Coinbase advocates for the Clarity Act to establish a clear market structure for crypto, assigning jurisdiction to the SEC and CFTC [11][19][20] - The company is pushing for the Senate to pass its version of the Clarity Act, potentially incorporating elements from the House version [22][23] Market & Competition - Coinbase offers a 41% reward for holders of USDC stablecoin [6] - Banks are perceived as trying to eliminate competition from crypto exchanges offering higher rewards on stablecoins compared to traditional savings accounts (approximately 025%) [5][7][8] - The company aims to preserve competition in the financial system and prevent a monopoly by big banks [5] - Coinbase believes the continued growth and adoption of stablecoins indicate the success of the Genius Act [18] Tax Policy & SEC - Coinbase prioritizes sensible crypto tax policy and seeks fair treatment of crypto assets compared to other asset classes [27][28][29][30] - The company is pursuing FOIA litigation against the SEC, alleging unfair treatment of crypto assets and destruction of text messages by the previous administration [32][33][34][35]
Coinbase launches campaign to stop banking industry's efforts to undo provisions of the GENIUS Act
Youtube· 2025-10-01 15:52
Core Viewpoint - Coinbase has launched a significant marketing campaign to counteract the efforts of big banks advocating for the rollback of stablecoin rewards, emphasizing the importance of the Genius Act which prohibits banks from offering interest on stablecoins while allowing crypto exchanges to do so [1][2][3] Group 1: Marketing Campaign and Its Objectives - The marketing campaign aims to inform crypto investors about the banks' attempts to roll back rewards and to encourage consumers to advocate for competition in the financial system [5] - Coinbase offers a 4.1% reward for USDC stablecoin holders, contrasting sharply with traditional banks that provide minimal interest on deposits [6][8] - The campaign includes social media outreach and a new website to engage crypto consumers and raise awareness about the importance of maintaining stablecoin rewards [4][5] Group 2: Legislative Context and Importance - The Genius Act, passed in July, established consumer rights to earn rewards on stablecoins, which banks are now attempting to challenge [3][9] - The Blockchain Association has urged Congress to uphold the Genius Act, reinforcing the digital asset industry's support for it [9] - The Clarity Act is seen as a critical next step for establishing a comprehensive regulatory framework for crypto, with Coinbase advocating for its passage [11][19] Group 3: Industry Growth and Future Legislation - The passage of the Genius Act has led to growth in the stablecoin market, indicating its positive impact on the industry [17][18] - Coinbase emphasizes the need for clear regulations regarding which tokens fall under the jurisdiction of the SEC and CFTC, which the Clarity Act aims to address [19][20] - Legislative priorities for Coinbase include sensible tax policies for crypto, which are being discussed in the Senate [27][30]
Treasury to Exempt Bitcoin from 15% CAMT Tax on Unrealized Gains, Saving Strategy Billions
Yahoo Finance· 2025-10-01 14:58
The Treasury Department is preparing to formally exempt crypto holdings from the Corporate Alternative Minimum Tax (CAMT), which would eliminate a potential multibillion-dollar tax liability for companies like Strategy that hold substantial Bitcoin reserves. According to Eleanor Terret, the move addresses the 15% minimum tax on large corporations’ financial statement income that would have forced companies to pay taxes on unrealized digital asset gains under accounting rules requiring mark-to-market valua ...
Coinbase to face narrowed shareholder lawsuit
Yahoo Finance· 2025-10-01 14:43
By Jonathan Stempel (Reuters) -A federal judge said Coinbase shareholders may pursue a narrowed lawsuit accusing the largest U.S. cryptocurrency exchange operator of concealing business risks, including whether it would be sued by the Securities and Exchange Commission. In a Tuesday night decision, U.S. District Judge Brian Martinotti in Newark, New Jersey rejected requests by Coinbase, top executives and directors for a full dismissal of claims based on dozens of statements made over two years in regula ...
Strategy(MSTR.US)涨超6% 美财政部拟放宽企业加密税规
Zhi Tong Cai Jing· 2025-10-01 14:23
周三,比特币日内涨幅扩大至近3%,突破11.7万美元;以太币涨超4%,报4308.8美元;加密货币概念 股持续上攻,Strategy(MSTR.US)涨超6%,MARA Holdings(MARA.US)涨超5%,CleanSpark(CLSK.US) 涨超4.9%,Sharplink Gaming(SBET.US)涨超5%,Coinbase(COIN.US)涨超3%。消息面上,据Crypto In America报道,美国财政部正准备正式放宽一项拟议规则。该规则原将根据《企业替代最低税》(CAMT) 法案,对Strategy等公司持有的未实现比特币收益征收15%的税款。CAMT法案要求大型公司就其财务 报表收入缴纳最低税。 根据现行会计准则,公司需按市值计价其持有的加密货币,这意味着即使不出售,其账面利润(未实现 收益)也将被征税。此前,Strategy和Coinbase等公司曾致信财政部,认为对数字资产的未实现收益征税 是不公平的,会迫使美国公司出售资产以缴税,从而在全球竞争中处于不利地位。 ...
美股异动 | Strategy(MSTR.US)涨超6% 美财政部拟放宽企业加密税规
智通财经网· 2025-10-01 14:22
智通财经APP获悉,周三,比特币日内涨幅扩大至近3%,突破11.7万美元;以太币涨超4%,报4308.8美 元;加密货币概念股持续上攻,Strategy(MSTR.US)涨超6%,MARA Holdings(MARA.US)涨超5%, CleanSpark(CLSK.US)涨超4.9%,Sharplink Gaming(SBET.US)涨超5%,Coinbase(COIN.US)涨超3%。消 息面上,据Crypto In America报道,美国财政部正准备正式放宽一项拟议规则。该规则原将根据《企业 替代最低税》(CAMT)法案,对Strategy等公司持有的未实现比特币收益征收15%的税款。CAMT法案 要求大型公司就其财务报表收入缴纳最低税。 根据现行会计准则,公司需按市值计价其持有的加密货币,这意味着即使不出售,其账面利润(未实现 收益)也将被征税。此前,Strategy和Coinbase等公司曾致信财政部,认为对数字资产的未实现收益征 税是不公平的,会迫使美国公司出售资产以缴税,从而在全球竞争中处于不利地位。 ...
X @Bitcoin Magazine
Bitcoin Magazine· 2025-10-01 13:37
Product Offering - Coinbase 通过 Morpho 提供即时比特币抵押贷款服务 [1] - 贷款秒级发放,无需额外信用检查,可随时还款 [1] Marketing & Promotion - Bitcoin Magazine 推广 Coinbase 的比特币抵押贷款服务 [1]
Coinbase Joins the Billion-Dollar Lending Club — Growth or Brewing Risk?
Yahoo Finance· 2025-10-01 11:20
Coinbase. Photo by BeInCrypto Coinbase hit a major milestone in its decentralized finance (DeFi) push, surpassing $1 billion in on-chain loan originations. However, this milestone raises concerns that sudden market swings could trigger forced liquidations. Coinbase’s Bitcoin Loans Cross $1 Billion in Originations According to Dune Analytics data, Coinbase’s on-chain borrow originations now total $1.003 billion, with $1.449 billion in collateral locked. Coinbase On-chain Borrow Originations. Source: Dun ...
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Coinbase 🛡️· 2025-10-01 10:34
Singapore showed up. Coinbase House popped off.Day one of @Token2049 is a wrap and if you missed it, you might want to look away. Or come through tomorrow. https://t.co/DrQlxA84Q6 ...
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Coinbase 🛡️· 2025-10-01 01:00
Singapore, we’re here.The Coinbase House is open on Level 3 at @Token2049.Do a hot lap, get some merch, learn about stablecoins, and meet our team. https://t.co/dnUa8YRBLK ...