---
title: "Coinbase CEO: The Genius Act will not be amended; this is Coinbase's red line."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270881885.md"
description: "Coinbase CEO Brian Armstrong stated that banks are lobbying Congress to amend the Genius Act, but Coinbase will not allow any amendments as it is their red line. Armstrong predicts banks will eventually see the business opportunities in stablecoins and change their stance. The Genius Act currently prohibits stablecoin issuers from offering rewards, but trading platforms can. Amending the act would stifle innovation."
datetime: "2025-12-27T03:03:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270881885.md)
  - [en](https://longbridge.com/en/news/270881885.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270881885.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/270881885.md) | [繁體中文](https://longbridge.com/zh-HK/news/270881885.md)


# Coinbase CEO: The Genius Act will not be amended; this is Coinbase's red line.

Coinbase CEO Brian Armstrong stated in a post on the X platform that banks are lobbying Congress to amend the Genius Act. Coinbase will not allow any amendments to this act; it is Coinbase's red line, and they will continue to protect the interests of their customers and the cryptocurrency industry. Armstrong added that he personally predicts that in a few years, once banks realize the enormous business opportunities presented by stablecoins, they will change their stance and lobby Congress to allow stablecoins to pay interest and yield. Therefore, their current efforts are completely futile (and unethical), and the innovator's dilemma remains. Currently, the Genius Act prohibits stablecoin issuers from offering stablecoin rewards, but trading platforms like Gemini, Coinbase, and Kraken can, and this is already included in the existing legislation. If traditional bankers amend the act to prohibit such behavior, it will stifle stablecoin innovation.

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