Coinbase denies White House clash as it slams flawed CLARITY bill
The post Coinbase denies White House clash as it slams flawed CLARITY bill appeared on BitcoinEthereumNews.com.
Coinbase CEO Brian Armstrong denied claims suggesting that the White House has reversed its position on the CLARITY Act, a U.S. Senate bill focused on crypto market structure, or is considering withdrawing its support. He emphasized that discussions on the legislation are still ongoing. In addition, Armstrong dismissed rumors that the Trump administration is unhappy with Coinbase. In a statement to further elaborate on this point, the CEO mentioned that, “The White House has been very helpful. They asked us to see if we can work out an agreement with the banks, and we are currently doing that.” Eleanor Terrett exposes the current situation in the crypto ecosystem The disagreement between the crypto exchange Coinbase and the Trump administration was first made public by Eleanor Terrett, a journalist and co-host of the Crypto In America podcast, on Friday, January 16. Following her report, the White House threatened to halt its backing for the market structure bill if talks with the exchange remained frozen. Terrett discovered this just after Coinbase publicly announced it had withdrawn support for the CLARITY Act this week, expressing concerns that the legislation could negatively impact the decentralized finance (DeFi) sector, impose restrictions on tokenized stock trading, and hinder clients from maximizing returns from stablecoins. When the exchange was embracing this decision to halt its support on the bill, Armstrong shared a statement highlighting that, “We’d prefer no bill over a bad bill. We hope to create a better version together.” He made these remarks while outlining key industry risks connected to the recently released draft of the bill. On the other hand, reports from reliable sources indicate that the US Senate Banking Committee decided to postpone the planned markup of the market structure bill due to uncertainties surrounding the bill raised in the crypto industry at the moment.…
Filed under: News - @ January 18, 2026 4:04 am