Coinbase ramps up its stablecoin lobbying as a potential sevenfold revenue boost hinges on upcoming legislation.
Coinbase has expanded its Washington lobbying to shape U.S. stablecoin rules. Analysts forecast that favorable legislation could lift stablecoin revenue up to seven times current levels. The outcome will directly affect the exchange’s overall earnings trajectory. Stablecoins, pegged to assets like the dollar, underpin most crypto trading and emerging payment systems. In the last fiscal year they contributed about 19% of Coinbase’s net revenue. Protecting and growing this segment is therefore a top priority for the firm. Policymakers are debating issuer qualifications, reserve requirements, and consumer‑protection standards. Coinbase seeks provisions that allow interest payouts on holdings and federal pre‑emption of state rules. Such clauses would lower compliance costs and enable nationwide scaling. The stablecoin bill could set a global benchmark for digital‑dollar regulation. A permissive framework would give U.S. firms a competitive edge, while strict rules might drive innovation abroad. The final law will signal how traditional finance adapts to blockchain disruption.
