The post Coinbase CEO Shows Support for Trump’s Crypto Push appeared on BitcoinEthereumNews.com.

Trump’s crypto agenda is critical to the US beating China in digital finance. President Trump has accused US banks of undermining his crypto efforts. Banks declined to support a compromise proposal tied to the CLARITY Act. Coinbase CEO Brian Armstrong has said that building the future of financial services is critical for the US to beat China and other global economic giants in digital finance. Armstrong made the statement on X, thanking President Donald Trump for his efforts toward making America the crypto capital of the world. Thank you Mr. President for everything you’re doing to make the US the crypto capital of the world! Building the future of financial services is critical for America vs China and other foreign competitors. https://t.co/090xPKy5iR — Brian Armstrong (@brian_armstrong) March 11, 2026 Trump Blasts US Banks Over CLARITY Act Delays It is worth noting that Armstrong’s latest statement comes as support for the President, who has criticized US banks, accusing them of threatening and undermining the GENIUS Act, a 2025 US federal law establishing a comprehensive regulatory framework for payment stablecoins. Trump remains firm in his resolve to ensure that the GENIUS Act comes into full operation, stating that the US needs to settle the Market Structure bill soon. According to Trump, his administration will not allow banks that are already hitting record profits to undermine the Crypto Agenda, which will eventually go to China. Beyond the immediate solutions crypto could bring to the US economy, Trump considers the race for crypto dominance a competition with China, America’s main economic rival, and other world powers.  Banking Industry Resists White House CLARITY Act Push Earlier this month, US banks declined to back a White House-backed compromise, asking them to reach a deal on the CLARITY Act. The pushback from the banks cast doubts over…

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Filed under: News - @ March 11, 2026 3:27 pm