Coinbase CEO Armstrong: Global bank CEOs name crypto as their number one priority
The post Coinbase CEO Armstrong: Global bank CEOs name crypto as their number one priority appeared on BitcoinEthereumNews.com.
Coinbase’s CEO, Brian Armstrong, claims that the leader of a top 10 global bank now views crypto as their “number one priority” and an “existential” necessity, as he reported a few themes and personal takeaways from the week-long World Economic Forum on his X account. Brian Armstrong, the CEO of the leading exchange Coinbase, shared on X that tokenization was an important topic at the World Economic Forum in Davos. He also stated that crypto leaders are devoted to making the CLARITY Act a win for consumers. Global banks are pivoting towards crypto After a week of high-level meetings at the World Economic Forum (WEF) in Davos, Switzerland, Coinbase CEO Brian Armstrong shared a series of updates on the social media platform, X. During the event, Armstrong met with various world leaders and Fortune 500 CEOs. In one specific meeting, a CEO of a top 10 global bank told Armstrong that cryptocurrency is now their top priority. This executive described the technology as “existential.” Armstrong highlighted that the Trump administration is actively working to create a “crypto hub” in the U.S. by passing the CLARITY Act. Investors and tech leaders have frequently questioned whether the U.S. can move fast enough to beat international competition. Armstrong stated that the current administration is committed to getting “market structure done, and done correctly.” China and several other nations are making rapid progress with their own stablecoin projects and digital currencies. To remain competitive, U.S. officials are meeting with industry leaders in both Washington, D.C., and Davos to finalize drafts of the law. Armstrong mentioned that most bank CEOs he spoke with are “pro-crypto” and see the new regulations as an opportunity rather than a hurdle. Recent reports from Washington suggest that the focus on “stablecoin clarity” is a priority for both parties. Lawmakers…
Filed under: News - @ January 25, 2026 6:27 pm