Coinbase CEO Denies White House Support Withdrawal Claims

2 mins mins

Key Points:

Coinbase CEO Brian Armstrong denies White House withdrawal from crypto bill.
Stablecoin yield disputes involve major U.S. banks.
Regulatory tensions affect stablecoin market and community banks.

On January 18, Coinbase CEO Brian Armstrong refuted claims that the Trump administration might withdraw support for the cryptocurrency market structure bill, highlighting active discussions with the White House.

The dispute underscores tensions between regulatory goals and crypto industry interests, affecting market confidence and stablecoin-related revenues.

Armstrong Refutes White House Support Withdrawal Allegations

Coinbase CEO Brian Armstrong refuted reports claiming the White House might withdraw its support for the cryptocurrency market structure bill. He stated these claims were inaccurate, underscoring the administration’s active role. Armstrong noted ongoing efforts to work with banks to benefit community banks as part of this bill.

Financial implications stem from disagreements over stablecoin yields. With banks reportedly opposing these yields, Armstrong vocalized his concerns over potential unfair competition, expressing frustrations about regulatory capture. He stated, “It just felt deeply unfair to me that one industry [banks] would come in and get to do regulatory capture to ban their competition.”

Market and government reactions have been varied. Senate Banking Committee members and industry voices have raised concerns, including Cynthia Lummis, who criticized Coinbase’s stance. Meanwhile, banking representatives appear wary of stablecoin yield consequences, citing potential impacts on the broader market.

Stablecoin Market Faces Challenges Amid Regulatory Disputes

Did you know? In previous regulatory conflicts such as the 2025 GENIUS Act, stablecoin yield disputes led to the establishment of frameworks, igniting ongoing debates similar to today’s CLARITY bill discussions.

CoinMarketCap reports that Bitcoin (BTC) is trading at $95,126.55 with a market cap of $1.90 trillion, maintaining a dominance of 58.94% despite recent fluctuations. Bitcoin’s value has fluctuated marginally within the last 24 hours, down by 0.41%, yet has risen by 5.29% over seven days.

bitcoin-daily-chart-5702 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:07 UTC on January 18, 2026. *Source: CoinMarketCap*

Insights from Coincu’s research team indicate that ongoing regulatory challenges are likely to shape stablecoin markets if resolved in Coinbase’s favor. Historical precedents suggest possible innovations in banking collaboration, potentially altering financial landscapes and practices significantly. Bold financial strategies may emerge pending resolution.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.