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Coinbase Chief Policy Officer: The company is participating in negotiations regarding stablecoin yields, stating that the GENIUS Act and the public interest are at the core of its approach
Svmuu News: Faryar Shirzad, Chief Policy Officer at Coinbase, posted an update on the progress of negotiations regarding stablecoin yields, stating that Coinbase, and CEO Brian Armstrong have been actively engaged in discussions for several months and have proposed several potential compromise solutions.Shirzad noted that the company remains committed to upholding the objectives of the GENIUS Act and the interests of the general public. He also thanked Patrick Witt, Executive Director of the President’s Advisory Council on Digital Assets, for his efforts in advancing the negotiations and expressed hope for progress on the relevant legislative agenda.
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