Coinbase CEO Defends China’s CBDC Interest Policy — But Why?

Photo by BeInCrypto Coinbase CEO Brian Armstrong is pointing to China as a model for US stablecoin policy. The timing raises questions about his motives. Armstrong's defense of China's central bank digital currency interest payments comes as his company fights to preserve a key revenue stream under threat from the US banking lobby. The GENIUS Act, passed last July, allows platforms like Coinbase to share yields with stablecoin holders — a provision that banking groups are now pushing to eliminate. What ...