Coinbase CEO Brian Armstrong refuted claims the Trump administration might pull backing for a crypto bill, asserting the White House remains constructive despite media reports.
Coinbase CEO Brian Armstrong denied reports suggesting the Trump administration may withdraw support for a crypto market structure bill if Coinbase does not rejoin negotiations on a yield proposal acceptable to banks. Armstrong described the White House as "very constructive" regarding crypto policy. The denial followed journalist Eleanor Terrett’s report citing sources about potential withdrawal of support linked to yield deal negotiations.