Coinbase Global stock fell approximately 10% on March 24. The decline followed the introduction of the Digital Asset Market Clarity Act. This legislation could restrict passive yield on stablecoin balances, threatening a primary revenue model.
Coinbase hired Checkmate Government Relations on March 25, 2026, to lobby the Senate. The firm maintains close ties to the Trump administration.
Separately, the company announced an integration with Chainlink to bring premium exchange data on-chain for the first time. This move aims to deepen Coinbase’s role in the decentralized finance (DeFi) ecosystem.