Stand With Crypto, an advocacy organization backed by Coinbase, has mobilized its state chapter leaders to write to members of the U.S. Senate Banking Committee, urging them to protect decentralized finance (DeFi) and retain provisions that allow cryptocurrency exchanges to offer stablecoin rewards. The letter emphasizes the need for "clear and fair rules" as legislators debate key sticking points in broader cryptocurrency legislation, including how stablecoin yields are treated and protections for DeFi developers under the Blockchain Regulatory Certainty Act, to avoid undermining fintech innovation.

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