Just under a year ago, the U.S. House of Representatives addressed the «Clarity Act» for the first time. The 257-page piece of legislation is intended to regulate cryptocurrencies and thereby lift the sector out of its legal grey area. However, the initiative launched by the Trump administration is currently on hold. Traditional banks had opposed allowing crypto companies to offer yields and other incentives on stablecoins in the future. Their argument: If digital currencies were to bear interest, customers could withdraw funds from traditional deposits, making lending more difficult. Now, a compromise is reportedly being reached in Washington, D.C. According to this, service providers may not offer payments comparable to traditional interest on stablecoins. However, they may be allowed to distribute rewards based on the actual usage of their platforms and networks.<\/p>\n\n
Even though the details are not yet known, the sector regained ground on Wall Street following this news. This also applies to Coinbase: In the first two trading days of May, the market capitalisation of the largest U.S. crypto exchange expanded by nearly 9%. A lot is at stake for the company. In 2025, Coinbase generated nearly USD 1.35 billion from stablecoins. This means that the volume of services included in the «Subscription and Services» segment has more than quintupled within three years. Against this backdrop, it is hardly surprising that Coinbase\u2019s top management, led by CEO and co-founder Brian Armstrong, is actively advocating for the «Clarity Act» in Congress.<\/p>\n\n\n