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Coinbase CEO Slams ‘Outdated’ Stablecoin Rules, Pushes for Interest Payments

Decrypt LogoDecrypt1d ago

Coinbase CEO Slams ‘Outdated’ Stablecoin Rules, Pushes for Interest Payments - Decrypt

Quick Summary:

Pending legislation should allow crypto firms to offer "onchain interest" to stablecoin holders without government favoritism, Armstrong said.

The BSA, enacted in 1970, requires extensive recordkeeping and customer verification from U.S.financial institutions.

The legislation is already getting caught in the crossfire of a debate over compliance with the Bank Secrecy Act (BSA), a cornerstone of U.S.anti-money laundering law.

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Coinbase CEO Slams ‘Outdated’ Stablecoin Rules, Pushes for Interest Payments - Decrypt (Picture 1)

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Article Details

Author / Journalist: Callan Quinn

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 03:00:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27504402

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 5 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 16 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "Coinbase CEO Slams ‘Outdated’ Stablecoin Rules, Pushes for Interest Payments" has 436 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Coinbase CEO Slams ‘Outdated’ Stablecoin Rules, Pushes for Interest Payments" was covered 1 days ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 5 news stories per day.

It's most recent story was published 16 hours ago.

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  • News ID: #27504402
  • URL: https://chronographically.beamstart.com/news/coinbase-ceo-slams-outdated-stablecoin-17434768914

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