According to Bloomberg, Coinbase could withdraw its support if the bill restricts stablecoin rewards beyond basic disclosure requirements.

Stablecoin rewards are a major revenue driver for Coinbase, which also holds a stake in Circle, the issuer of USDC.

The bill is scheduled for Senate markup this week. The Senate Banking Committee has targeted January 15, 2026, for a committee vote on the landmark crypto market structure bill (H.R. 3633), which aims to:

- Clarify SEC vs. CFTC oversight

- Establish clear rules for #crypto firms

- Set standards for #DeFi and #stablecoins

All eyes on the Senate. 👀#WriteToEarnUpgrade