Coinbase CEO Clarifies White House Relations Amid Crypto Bill Debate

In a recent development that underscores the evolving relationship between cryptocurrency exchanges and U.S. regulatory bodies, Coinbase CEO Brian Armstrong has publicly addressed speculation regarding tensions with the White House over proposed cryptocurrency legislation. Armstrong refuted claims of a strained relationship with the TRUMP administration concerning the CLARITY Act, a significant piece of proposed crypto regulation. Instead, he emphasized that discussions remain ongoing and characterized the White House's engagement as "constructive." This statement comes in the wake of Coinbase's decision to withdraw its support for the bill, a move driven by the company's concerns over specific provisions related to decentralized finance (DeFi) and stablecoins. The withdrawal highlights a critical juncture in the legislative process, reflecting the complex balancing act between fostering innovation in the digital asset space and implementing robust regulatory frameworks. The postponement of a key Senate hearing on the matter further signals the persistent divisions within the industry and among policymakers regarding the optimal path forward for cryptocurrency regulation. As of early 2026, this situation illustrates the ongoing negotiation and dialogue between major crypto entities like Coinbase and governmental institutions, shaping the future landscape of digital finance in the United States. The outcome of these discussions will likely have profound implications for market stability, investor protection, and the continued growth of the crypto sector.

Coinbase CEO Disputes Rift With White House Over Crypto Bill

Brian Armstrong pushed back against claims of strained relations between Coinbase and the Trump administration regarding the CLARITY Act. The CEO emphasized ongoing cooperation, stating the WHITE House remains "constructive" in discussions. This follows Coinbase's withdrawal of support for the bill due to concerns over DeFi and stablecoin provisions.

The postponed Senate hearing highlights lingering industry divisions. The bill's proposed ban on stablecoin yield-sharing has drawn criticism across crypto sectors. Armstrong confirmed active negotiations with policymakers to address banking sector concerns.

Bitcoin Retreats as Trump Tariffs Spark Risk-Off Sentiment

Bitcoin fell 3.6% to $92,580 after Trump's 10% European tariffs announcement triggered $750M long liquidations. Gold surged to record highs while crypto mirrored tech stocks' decline.

The sell-off accelerated as Coinbase saw BTC drop from $95,450 to sub-$92,000 within hours. Coinglass data revealed $860M in total liquidations as trade war fears gripped markets.

European Union draft proposals for $108B retaliatory tariffs loom, creating headwinds for risk assets. Analysts note Bitcoin's 30-day correlation with Nasdaq has strengthened to 0.78.