According to @jchervinsky, restricting stablecoin yield or rewards lacks valid policy justification and would harm US consumers, the US dollar, and national security, while protecting banks’ zero-interest deposit accounts from competition. Source: Jake Chervinsky on X, Jan 14, 2026. Paul Grewal of Coinbase alleges big banks earn over 360 billion dollars annually from payments and deposits and are lobbying to kill crypto rewards, arguing Congress should not pick winners and losers at the expense of everyday Americans. Source: Paul Grewal on X, Jan 14, 2026. For traders, these posts highlight an active policy dispute around stablecoin reward programs and signal regulatory headline risk that could determine the availability of crypto rewards across platforms; monitor Congressional discussions and exchange policy updates referenced by the authors. Source: Jake Chervinsky on X, Jan 14, 2026; Paul Grewal on X, Jan 14, 2026.

According to @iampaulgrewal, big banks earn over $360B annually from payments and deposits and are lobbying to kill crypto rewards because real competition threatens those margins, Source: @iampaulgrewal on X dated January 13, 2026. He urges Congress not to pick winners and losers, framing potential limits on crypto rewards as harmful to everyday Americans, Source: @iampaulgrewal on X dated January 13, 2026. Active U.S. products include the Coinbase Visa debit card that pays crypto rewards on everyday purchases, indicating any federal restriction on crypto rewards would directly affect these offerings, Source: Coinbase Help Center Coinbase Card rewards page accessed prior to 2024-10. For trading, U.S. policy risk around rewards-linked crypto products is a known overhang for platforms such as Coinbase because regulatory changes can materially impact product availability and financial performance, so traders should monitor Congressional headlines for sentiment and COIN exposure, Source: Coinbase 2023 Form 10-K Risk Factors and @iampaulgrewal on X dated January 13, 2026.

According to @iampaulgrewal, large U.S. banks earn over $360B annually from payments and deposits and are lobbying to end crypto rewards that threaten those margins, source: @iampaulgrewal (Jan 13, 2026). He argues Congress should not pick winners and losers, framing action against crypto rewards as anti-competitive and harmful to everyday consumers, source: @iampaulgrewal (Jan 13, 2026). For traders, this flags a policy risk to U.S. crypto rewards programs and warrants monitoring of Congressional discussions on payments and rewards that address crypto incentives and platform activity, source: @iampaulgrewal (Jan 13, 2026).