White House Denies Coinbase Crypto Bill Withdrawal Rumors

2 mins mins

Key Points:

White House denies pulling support from the crypto market bill amid Coinbase’s opposition.
Coinbase focuses on community banks for bill benefits.
Armstrong preferred “no bill than a bad bill.”

Coinbase CEO Brian Armstrong dispelled claims about the White House’s stance on the cryptocurrency market structure bill, emphasizing ongoing agreements with banks focused on community banking solutions.

This highlights the debate’s complexity and its potential impact on stablecoin regulations and broader crypto industry relations.

Armstrong Challenges White House on Crypto Bill Claims

Coinbase CEO Brian Armstrong countered reports that the Trump administration may back out of the crypto market structure bill, affirming the White House’s proactive discussions for reaching agreements with banks. Armstrong highlighted ideas focusing on community banks, aligning with the bill’s primary goals while awaiting more details.

A key shift followed Armstrong’s opposition to the Senate Banking Committee’s version of the bill, citing threats to CFTC authority and crypto-stablecoin rewards. Armstrong emphasized the importance of having “no bill than a bad bill,” marking Coinbase’s stand that influences ongoing legislative talks.

Market and legislative reactions were swift after Armstrong’s remarks; with Senate Banking Committee Chairman Tim Scott postponing bill discussions due to industry concerns. Scott reiterated commitment to continued negotiations, valuing bipartisan collaboration and regulatory clarity as priorities.

Senate Postpones Bill Amid Coinbase’s Concerns

Did you know? The Genius Act of 2025, which set the current stablecoin regulatory framework, closed major yield loopholes benefiting banks—a key conflict mirrored in today’s bill discussions.

According to CoinMarketCap, Bitcoin (BTC) is trading at $95,132.21, with a market cap nearing $1.90 trillion and a 24-hour volume of $16.85 billion, undergoing a 30-day positive shift of 7.67%. Last updated at 16:07 UTC, January 18, 2026.

bitcoin-daily-chart-5715 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 16:07 UTC on January 18, 2026. *Source: CoinMarketCap*

The Coincu research team notes potential bill reshuffling could alter stablecoin mechanics and CFTC oversight, sparking financial uncertainty and possible investor caution. Understanding community bank needs and crypto-banking collaboration remains imperative for future policy shaping.

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.