Coinbase CEO Brian Armstrong publicly condemned major banking institutions for leveraging their lobbying power to restrict competition in the crypto sector. Speaking on national television, Armstrong argued that banks sought to “ban their competition” through proposed regulatory language that would prohibit crypto platforms from offering interest-like rewards on stablecoin deposits. He warned that such measures could disincentivize innovation and undermine a level playing field, noting that “crypto companies should be allowed to compete and offer loans just like banks.” Armstrong estimated that if stablecoin rewards were curtailed, hundreds of billions of dollars could flow back into traditional bank deposits, potentially exacerbating lending constraints in local markets.

A planned vote on Senate crypto market‐structure legislation was abruptly postponed after Coinbase withdrew its support, citing several objectionable provisions in the latest draft. Banking Committee Chair Tim Scott formally called off the markup, with a new vote tentatively expected in late February or March. Senator Cynthia Lummis, one of the bill’s primary sponsors, described the sudden cancellation as “a death by 1,000 cuts” following Armstrong’s public critique. Key sticking points include limits on the Commodity Futures Trading Commission’s oversight and prohibitions on stablecoin rewards. Both banks and crypto firms have signaled willingness to negotiate, with over 3,000 community banks warning of a potential $1.2 trillion deposit squeeze if stablecoin yields are unrestricted.

Coinbase announced it will release its fourth quarter and full year 2025 financial results on Thursday, February 12, 2026, after the market close. The Company will host a live webcast at 2:30 p.m. Pacific Time, with a replay and transcript to follow on its Investor Relations website. Coinbase highlighted that it leverages multiple disclosure channels—including SEC filings, press releases, blog posts, conference calls, and social media feeds—to ensure timely communication of material information. The forthcoming report will be closely watched by investors for updates on trading volumes, custody assets under management, and revenue diversification amid ongoing regulatory debates.