Coinbase CEO Denies Reports of White House Retreat on Crypto Bill Support
Coinbase CEO Brian Armstrong confirms White House support for the cryptocurrency market structure bill is tied to a revenue agreement with banks, but denies any retreat in backing.
Summary
Coinbase CEO Brian Armstrong reaffirmed the White House’s commitment to supporting the cryptocurrency market structure bill, highlighting that support is contingent on reaching a revenue agreement with banks. Armstrong rejected reports suggesting a potential withdrawal of support, which crypto journalist Eleanor Terrett clarified as hinging on the agreement’s outcome.
Terms & Concepts
- Cryptocurrency Market Structure Bill: Proposed U.S. legislation establishing regulatory authority and compliance rules for digital asset markets.
- Coinbase: A major U.S.-based cryptocurrency exchange involved in policy discussions and regulatory negotiations affecting the digital asset industry.