Coinbase CEO responds positively to the cryptocurrency policy controversy

On January 18, Coinbase CEO Brian Armstrong directly clarified the rumors about the White House withdrawing support. Previously, some media reports stated that if the exchange could not reach a satisfactory yield agreement with banks, the White House might consider withdrawing support for the Cryptocurrency Market Structure Act. In response, Armstrong stated that this claim is not accurate, and the White House has maintained a positive attitude in promoting related policies.

The White House’s firm stance, continued support for cryptocurrency policies

Coinbase CEO emphasized that the White House has not retreated; instead, it has proactively requested the exchange to collaborate and negotiate with traditional banks. This move reflects the U.S. government’s increasing support for the development of the cryptocurrency industry. The White House’s proactive approach indicates that promoting the standardization and transparency of the cryptocurrency market has become a key policy direction.

Coinbase promotes bank cooperation, community banks receive special attention

In negotiations with banks, Coinbase is actively designing new cooperation plans. Armstrong revealed that the team is currently focusing on how to provide practical and beneficial solutions for community banks, as the core of this bill is to support and protect these small and medium-sized financial institutions. This policy design fully demonstrates a focus on grassroots financial systems.

New phase in the advancement of the Cryptocurrency Market Structure Act

This clarification marks that the formulation of the cryptocurrency regulatory framework has entered a substantive cooperation stage. Negotiations between the White House and Coinbase not only concern the development of this exchange but also involve how the entire cryptocurrency industry can integrate into the traditional financial system. As more information is soon to be released, the specific content and implementation path of this bill are expected to become clearer in the near future.