Coinbase has increased its campaign in Washington as the US’s biggest crypto bill nears review in the Senate. Shares of the company, COIN, remained flat around $240 as investors tried to gauge how the new rules could affect its business. All of this is happening while the US government is working towards clearer oversight of crypto and better protection for everyday users.
What Is This Crypto Bill Really About?
The bill focuses on how crypto should be regulated, including who monitors it, what counts as collateral, and how exchanges should treat their customers. You can think of it as setting ground rules so companies and users know where they stand instead of guessing.
Coinbase Raises Advocacy Measures As Crypto Bill Nears Senate Review!
Coinbase is mounting pressure on US lawmakers as a major crypto market structure bill moves to Senate markup, citing concerns about potential limits on stablecoin rewards. The exchange may reevaluate its support… pic.twitter.com/EiIvxDu3u3
– CryptoDaku (@CryptoDaku_) January 12, 2026
Coinbase is paying close attention because the current draft could limit stablecoin rewards. These rewards give users a small return for holding coins like USDC, which are pegged to the US dollar. For starters, it’s like earning a small amount of interest on money sitting in a bank account.
If lawmakers only need clear disclosure, Coinbase is fine with that. If they continue to tighten the rules, the company may attract support, which shows how serious the issue is to them.
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Why Stablecoin Rewards Matter to Regular Users
Stablecoins are intended to behave like digital dollars, without significant price volatility. Rewards give people a reason to grab them and use them, rather than just leaving them idle. This argument builds on previous laws such as The law of GENIUSwhich introduced the first federal regulations for stablecoins.
Now, lawmakers want to go further, too AP News reports that Congress is trying to protect consumers without making stablecoins harder to use on a day-to-day basis. For users, this will determine whether stablecoins remain viable for savings and easy payments or become something that people ignore.
Coinbase Draws A Line In The Sand
Coinbase CEO Brian Armstrong has argued for years that the industry needs clear rules before companies can confidently build long-term products.
The House has already passed the CLARITY Act, which includes crypto projects based on how divided they are. The Senate version would provide additional authority to the CFTC instead of the SEC, which will do compatibility is easy to trade.
If Coinbase withdraws from the discussions, lawmakers lose their biggest voice from industryand progress may be slow.
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What Can Go Wrong for Investors?
More rules can add security, but they can restrict certain features on overseas social networks that operate with less oversight. That creates more risk for startups that rely on the US exchange for basic protection. The loss of stablecoin rewards will also remove one of the easiest ways people get into crypto.
Nothing here requires quick decisions, but it helps to stay aware of how the rules are evolving. The gang committees are expected to return to the bill in early 2026. Each update will adjust how much freedom the exchange has and how much control should be taken. If stablecoin rewards remain, daily crypto remains normal. If they disappear, users should expect fewer benefits and more paperwork.
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