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Coinbase CEO responds to rumors of "White House withdrawal of bill support": the statement is incorrect, still working with banks on the plan
Deep Tide TechFlow News, January 18th, regarding the report by crypto journalist Eleanor Terrett that “the White House is considering withdrawing support for the Crypto Market Structure Act,” Coinbase CEO Brian Armstrong responded in the comments section, stating that the above statement is not accurate. He said that the White House’s overall attitude on the issue is “very constructive.”
Brian Armstrong pointed out that the White House has indeed hoped for Coinbase to explore feasible profit-sharing schemes with banks, and relevant discussions are still ongoing. He added that Coinbase is focusing on the “community banks” group related to the bill itself, researching some specific plans that could help its development, and said that more updates will be announced later.
Previously, reporter Eleanor Terrett reported that the White House might withdraw support for the Crypto Market Structure Act, leading to a dispute with Coinbase.