TechFlow reported on January 18 that in response to crypto journalist Eleanor Terrett's disclosure claiming the "White House may consider withdrawing support for the cryptocurrency market structure bill," Coinbase CEO Brian Armstrong commented that the report is inaccurate. He stated that the White House has overall been "very constructive" regarding the matter.
Brian Armstrong noted that while the White House did encourage Coinbase to explore feasible revenue-sharing models with banks, discussions on this front are still ongoing. He added that Coinbase is currently developing specific initiatives focused on the "community banks" addressed in the legislation to support their growth, and further updates will be shared in due course.
Previous report: Journalist Eleanor Terrett reported that the White House may withdraw support for the cryptocurrency market structure bill, sparking a dispute with Coinbase.
