Coinbase Chief Policy Officer: The company participated in stablecoin yield negotiations, stating that the core principles were the GENIUS Act and the public interest.

Coinbase Chief Policy Officer Faryar Shirzad commented on the progress of negotiations regarding stablecoin yields, stating that Coinbase and CEO Brian Armstrong have been continuously involved in the relevant consultations for months and have proposed several possible compromises. Shirzad stated that the company's core focus remains on upholding the goals of the GENIUS Act and protecting the interests of ordinary citizens, and thanked Patrick Witt, Executive Director of the President's Advisory Council on Digital Assets, for his efforts in advancing the negotiations, expressing his hope for progress on the relevant legislative agenda.