Coinbase CEO denies White House clash, says negotiations are ongoing
18.01.2026
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Brian Armstrong, the CEO of crypto exchange Coinbase, denied reports that the White House is considering pulling support for the CLARITY Act, a crypto market structure bill, and also denied rumors that the administration is “furious” with Coinbase.
Coinbase CEO Brian Armstrong just shut down the drama — says White House is still at the table for CLARITY Act talks
Coinbase CEO Brian Armstrong just dropped the mic on rumors of a White House meltdown. He straight-up denied reports that the administration is pulling support for the CLARITY Act — the big crypto market structure bill — or that they're "furious" with Coinbase.
“The White House has been super constructive here. They did ask us to see if we can go figure out a deal with the banks, which we're currently working on.” — Brian Armstrong
This comes after independent journalist Eleanor Terrett reported a clash between Coinbase and the Trump administration, with the White House threatening to withdraw support for the bill if Coinbase didn't resume negotiations.
Coinbase withdrew its support for the CLARITY Act on Wednesday over major concerns: the legislation would gut DeFi, ban tokenized stock trading, and prohibit sharing stablecoin yield with customers.
“We’d rather have no bill than a bad bill. Hopefully, we can all get to a better draft.” — Brian Armstrong
The US Senate Banking Committee postponed the scheduled markup of the CLARITY Act — originally set for Thursday — until lawmakers and the crypto industry can negotiate better terms.
Armstrong expects a new bill markup within a “few” weeks and called the provisions in the stalled version “catastrophic” for consumers — echoing widespread concerns from crypto execs.
The CLARITY Act leaves the crypto industry split, as the fight over stablecoin yield intensifies
The CLARITY Act has created a major divide in crypto. Some execs argue it's a net positive despite drawbacks; others say it's a massive setback for innovation.
At the heart of the debate? Sharing stablecoin yield with customers — which the latest bill version outright prohibits.
Critics like Erik Voorhees say the bill protects banking interests at the expense of crypto and kills fintech innovation.
#CLARITY Act#DeFi#legislation#regulation#USA
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