Coinbase CEO Brian Armstrong has joined White House talks on the GENIUS Act and stablecoin yield terms, though divisions between banking and crypto groups are slowing progress.
On February 28, Coinbase and CEO Brian Armstrong engaged in prolonged negotiations with the White House over the GENIUS Act, focusing on U.S. public interests and stablecoin yield agreements. The administration aimed to finalize terms this week, but disagreements persist between banking groups and the crypto industry, delaying legislative progress. Draft language continues to be revised as negotiations remain active.