Odaily Planet Daily reports: Coinbase Chief Policy Officer Faryar Shirzad posted about the progress of negotiations regarding stablecoin yields, stating that Coinbase and CEO Brian Armstrong have been actively engaged in discussions for months and have proposed several potential compromise solutions.
Shirzad stated that the company has always been committed to upholding the goals of the GENIUS Act and the interests of the general public, and thanked Patrick Witt, Executive Director of the President’s Advisory Committee on Digital Assets, for his efforts in advancing negotiations, expressing anticipation for progress on the related legislative agenda.