Coinbase CEO Dismisses White House Tensions Amid Clarity Act Delays Coinbase CEO Dismisses White House Tensions Amid Clarity Act Delays

Brian Armstrong, the CEO of Coinbase, dismissed reports suggesting that the White House might withdraw its support for the Clarity Act, which regulates the framework of the U.S. cryptocurrency market.

«The [Trump administration] has been remarkably constructive in this matter. They asked us to try to negotiate with the banks, which is what we are currently working on,» he stated.

On January 15, the U.S. Senate Banking Committee postponed the review of the Clarity Act. Coinbase did not endorse the latest version of the document due to «too many issues,» including restrictions on transactions involving tokenized stocks and payouts to stablecoin holders by exchanges.

Later, journalist Eleanor Terrett reported a conflict between Coinbase and the U.S. presidential administration. According to her sources, the White House threatened to withdraw its support for the cryptocurrency market structure bill if the company did not resume negotiations.

Terrett’s sources claim that officials were «furious» over the exchange’s actions, which they were not informed of in advance, labeling the situation as «manipulation.»

In a recent post, Armstrong reiterated the intention behind the Clarity Act — «to assist local banks.» The Coinbase executive promised to provide updates soon.

David Sacks, the White House’s cryptocurrency advisor, urged the industry to use the delay to «resolve any remaining disagreements.» He added that «the passage of market structure legislation is closer to completion than ever.»

It is worth noting that JPMorgan analysts identified the bill as one of the key drivers of the cryptocurrency industry by 2026.