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At New York City, 10:58 PM, Coinbase CEO Brian Armstrong has publicly denied rumors of a rift with the White House, affirming that negotiations on U.S. crypto regulation โ particularly the CLARITY Act โ are still active and cooperative ๐ฎ๐ค.
Armstrong emphasized that the administration has been โsuper constructive,โ requesting Coinbase to work toward a compromise with banking groups as discussions continue. [cointelegraph.com]
The clarification comes after earlier reports suggested the White House was โfuriousโ and considering withdrawing support for the bill if Coinbase did not reโenter negotiations.
Armstrong dismissed these claims, reiterating that Coinbase pulled its support due to concerns over DeFi restrictions, tokenized stock limitations, and bans on stablecoin yield, not because of political conflict.
He stated, โWeโd rather have no bill than a bad bill,โ signaling hopes for a revised draft in the coming weeks as Senate negotiations resume. [cointelegraph.com]
With lawmakers delaying the CLARITY Act markup to allow further bipartisan and industry discussions, Armstrong confirmed that talks remain underway with regulators, banks, and crypto firms.
The atmosphere, he maintained, reflects continued cooperation rather than confrontation, leaving the path ahead open for a potentially improved regulatory framework. [livebitcoinnews.com]
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