Coinbase CEO Brian Armstrong has criticized protectionist measures against stablecoin yields, advocating for fair competition in the financial sector. In a January 20, 2025 interview with CNBC Television, Armstrong argued that banks should adapt to market dynamics rather than imposing restrictions on stablecoins. He addressed concerns that stablecoins might lead to capital outflows and potentially weaken the credit system, suggesting that banks should compete on equal footing rather than relying on regulatory barriers.