ceo

The #CLARITY Act discussion intensified after Coinbase CEO Brian Armstrong denied reports that the White House threatened to drop support. He said the administration has remained constructive and engaged. 
Armstrong Denies Claim Regarding CLARITY Act
Armstrong wrote in an X post, addressing journalist Eleanor Terrett, that her assertion was not true. The crypto journalist had earlier stated that the White House was considering withdrawing its support for the crypto bill.   
The Coinbase CEO stated that the #White House has been “super constructive,” asked them to work out a deal with the banks, and that negotiations with the banks are ongoing. He also revealed that the top crypto exchange is working on policy ideas related to the bill. This includes proposals that will assist community banks.
Coinbase Chief Legal Officer Paul Grewal, however, replied in a much more reassuring tone on X post. He mentioned that the White House has been transparent and that Coinbase is optimistic about the engagement. He argues that retail protections are its top priority.
Arrington Blames Banks for Yield Limits
Michael Arrington posted his thoughts on the CLARITY Act in an X post, saying banks want to charge customers but pay no interest on customer deposits. He proposed that the banking industry is guarding its advantage, rather than supporting equitable returns for consumers.
Arrayington took it a step further, attacking lawmakers for allowing restrictions on stablecoin yields. Elected officials accede to such restrictions, he said, because banks exert a powerful lobbying force. He called the result damaging to Americans, saying that financial policy is weighted towards what banks want rather than what’s best for consumers.
The statement from #Arrington comes in the wake of Bank of America #CEO Brian Moynihan’s comments that yield-generating stablecoins could lure $6 trillion away from traditional bank deposits. That shift, Moynihan said, could put the squeeze on bank liquidity, cripple lending ability — particularly of smaller businesses and midsize companies — and drive borrowing costs up.
Armstrong responded directly to Arrington’s comments. “Exactly,” he wrote, indicating that he agreed with the argument that banking lobbies are driving the discussion of yield around crypto legislation.
Industry executives remain uncertain about the bill’s pace of movement. Nevertheless, Galaxy Digital CEO Mike Novogratz added that the CLARITY Act could pass in the next 2 weeks. He claimed that he is being optimistic because that is the tone of his recent interactions with senators.
It is worth noting that Novogratz had called for compromise on the crypto bill, stating that it doesn’t have to be perfect. He also suggested that they could revisit issues such as the stablecoin yield prohibition later on.

📈 Binance Market Update: Crypto Market Trends | June 2, 2025
As of June 2, 2025, the global cryptocurrency market continues to show resilience and upward momentum. According to data from CoinMarketCap, the total crypto market capitalization stands at $3.26 trillion, reflecting a 0.43% increase in the past 24 hours.
🔥 Market Overview
Bitcoin ($BTC ) remains in the spotlight, trading between $103,752 and $105,936 over the past day. As of 09:30 AM ($UTC), $BTC is priced at $104,665, up 0.62% in the last 24 hours.
Most major cryptocurrencies are trading mixed, with some altcoins showing impressive gains. Leading the rally today are:
MASK: +28%
COOKIE: +18%
BMT: +17%
📰 Top Stories of the Day
Sberbank to Launch Bitcoin Derivatives and Structured Bonds
Russia’s largest bank is making moves into digital asset derivatives, signaling further institutional acceptance.
Metaplanet Acquires $118M in BTC, Now 8th-Largest Holder
The Japanese tech firm’s bold Bitcoin acquisition highlights increasing institutional participation, especially in Asia.
Ethereum Leads Weekly Inflows With $321M
ETH sees major institutional interest, while Bitcoin experiences its first outflows in 7 weeks, indicating shifting sentiment.
Morgan Stanley Forecasts Extended Dollar Weakness
A weaker dollar could further propel risk assets like cryptocurrencies over the coming months.
X Platform Adds Encrypted Messaging and New Features
The social platform’s pivot toward enhanced privacy may strengthen its position in the Web3 space.
South Korea’s Presidential Candidates Support Crypto Industry Growth
Crypto is becoming a key electoral issue, with promises to foster innovation and regulatory clarity.
Trump Criticizes Tariff Court Ruling
Former U.S. President warns of potential economic fallout, reigniting trade war concerns.
Japan and U.S. to Discuss Tariffs
Economic leaders set to negotiate terms to avoid escalating trade tensions.
U.S. Treasury Stands Firm on Debt Commitments
Reassurances from the Treasury Secretary aim to calm markets amid fiscal uncertainties.
Blockstream #CEO Predicts Bitcoin Could Reach $1 Million
Bold valuation forecasts spark discussion about long-term BTC potential.
📊 Market Movers (24h Change)
Coin Price 24h Change
ETH $2,482.99 -0.43%
XRP $2.1535 +0.78%
BNB $654.08 +0.52%
SOL $153.89 +1.40%
DOGE $0.19009 +1.16%
ADA $0.6692 +1.39%
TRX $0.2697 +0.63%
WBTC $104,625.31 +0.63%
TRUMP $11.15 +1.18%
SUI $3.2836 +2.04%
---
Stay tuned for more real-time updates and insights, only on Binance.
Disclaimer: Market data is based on available figures as of June 2, 2025, and is subject to change

Ripple talked about the formation of decentralized finance infrastructure of institutional level based on the XRP Ledger (XRPL).

The foundation of the platform is its own decentralized exchange (DEX) on XRPL, into which existing and developing solutions are being integrated.
One of the options became an automatic market maker (AMM) based on the XLS-30 standard. The mechanism is directly integrated with the centralized order book on DEX. One of the features is the ability to revoke funds in case of a threat of losing access to the account or malicious actions. The feature is disabled by default and does not apply to the XRP token.