Coinbase CEO Brian Armstrong denied reports of a breakdown with the Trump administration, saying talks on the CLARITY Act remain constructive. Armstrong disputed the characterization that the White House is threatening to kill the bill. Instead, he framed the situation as a strategic directive from the administration to solve the specific concerns of regional lenders.
He noted that the White House tasked the exchange with negotiating a deal with the banks, and that the specific details were “coming soon.” Actually, we’ve been cooking up some good ideas on how we can help the community banks specifically in this bill, since that’s what this is about,” Armstrong wrote on the social media platform X. Earlier in the week, Coinbase signaled it might withdraw its support for the CLARITY Act.
The episode highlights ongoing regulatory conversations around stablecoins and market structure, where policy aims intersect with bank interests. No final outcome is announced, and further details are anticipated.
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