Coinbase is pressuring U.S. lawmakers against proposals in the CLARITY Act that would ban certain DeFi provisions, particularly those restricting stablecoin rewards on exchanges. The company may reconsider its support for the bill if it limits stablecoin issuers from offering rewards on crypto platforms, a major revenue source for Coinbase. U.S. banking groups are pushing to close regulatory loopholes on stablecoin rewards, with the Senate Banking Committee expected to discuss this issue soon.