The CEO of a major compliance-focused exchange made his rounds at Capitol Hill this week, making a case for why his platform should maintain the ability to offer rewards to users holding stablecoins. The visit underscores growing tensions between the crypto industry and lawmakers over how digital asset platforms should be regulated—particularly when it comes to yield-generating products tied to stablecoins. Industry observers note this move reflects broader efforts by leading exchanges to navigate regulatory expectations while preserving attractive customer incentives. The stablecoin rewards mechanism remains a competitive differentiator for platforms, but faces scrutiny from regulators concerned about how these offerings are structured and marketed.