White House Backs Crypto Bill, Coinbase CEO Debunks Rumors
Amid growing speculation that the White House might pull support from the proposed crypto market structure legislation, Coinbase CEO Brian Armstrong has firmly pushed back, calling the claims unfounded. He stressed that the administration remains fully committed to advancing clear, forward-looking regulations for the digital asset industry.
Focus on Community Banks Shapes Legislative Strategy
According to Armstrong, federal officials have actively encouraged collaboration between fintech leaders and traditional banking institutions. The goal? To build pathways for community banks to thrive in the evolving financial landscape. The current legislative effort is being shaped with their needs in mind.
- Ongoing dialogue between regulators and industry innovators
- Emphasis on empowering underserved financial institutions
- Policy design aims at long-term systemic inclusion
Internal discussions at Coinbase have yielded practical frameworks to help smaller banks access yield opportunities and digital infrastructure. These proposals could soon influence the bill’s next phase. Further announcements are expected as negotiations progress.