According to Bloomberg, Coinbase is stepping up lobbying efforts with U.S. lawmakers in an attempt to retain its business model of offering rewards to stablecoin holders in the upcoming Senate review of the Crypto Asset Market Structure Bill. Sources familiar with the matter said that if the bill introduces restrictions on the reward mechanism beyond disclosure requirements, Coinbase may reconsider its support for the bill. The controversy centers on whether only regulated financial institutions should be allowed to pay rewards on stablecoin balances. The banking industry believes that such practices could divert traditional deposits, while the crypto industry warns that this could weaken competition and impact platform revenue.