[Coinbase CEO Actively Lobbying U.S. Lawmakers to Protect Crypto Rewards] According to Bloomberg, Coinbase CEO Brian Armstrong has been meeting with lawmakers on Capitol Hill, primarily lobbying against potential restrictions on stablecoin rewards. Armstrong stated that banking lobby groups are attempting to push legislation that would limit stablecoin rewards, which would hinder the crypto industry's ability to compete with banks for capital. He believes that Americans should have the right to earn higher returns on their funds, while banks are concerned they may be forced to raise deposit interest rates for customers as a result. Previously, Armstrong opposed a draft digital asset market structure bill that was set to be reviewed by the Senate committee. Following this, committee chairman Tim Scott announced a delay in action on the bill. The draft bill included compromise provisions that originally prohibited deposit yield payments but allowed other forms such as transaction rewards. However, senators are expected to vote on an amendment that would impose a complete ban on stablecoin rewards, with the outcome still uncertain.