Coinbase Global Inc. has been aggressively lobbying in Washington to preserve a key revenue stream that in Bloomberg Intelligence’s estimation could multiply as much as sevenfold.
Stablecoin revenue, which made up about 19% of all Coinbase’s revenue in 2025, could expand anywhere from two to seven times under the Genius Act if adoption in payments accelerates, according to BI analysts Paul Gulberg and Samuel Radowitz . Just where on that spectrum Coinbase falls though may depend in part on industry efforts to further refine the law, signed by President Donald Trump in July.