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Stock impact report

Retail, crypto groups converge to back stablecoin legislation [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Retail and cryptocurrency trade groups converged Thursday to air their shared interest in supporting legislation to create a regulatory regime for stablecoins, and they did so on a day when the Senate Banking Committee approved a bill attempting to do just that. The Merchants Payments Coalition and the cryptocurrency interest trade group Payment Choice Coalition issued a joint press release Thursday to say they're working together to promote “innovation, competition and choice in U.S. payments.” The MPC, which represents the National Association of Convenience Stores and the National Restaurant Association, among others, has lobbied for bills that they argue would benefit major and smaller retailers when it comes to payments, including the Credit Card Competition Act The PCC is a coalition that represents varied entities, including the Association of Kentucky Fried Chicken Franchisees as well as the crypto exchange company Coinbase, according to the press release. While teami Show less Read more
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