Crypto Bill: Trump's Push, Coinbase's Pull
USAThu Jan 22 2026
Advertisement
President Donald Trump is eager to sign a major crypto market structure bill soon, he said. This bill could open new doors for financial freedom, he believes. He mentioned this during a speech at the World Economic Forum in Davos. He even threw in a casual \"Bitcoin, all of them\" for good measure.
But not everyone is on board. Coinbase, a big name in crypto, pulled its support for the bill last week. Why? They have issues with a part of the bill that could limit their stablecoin yield programs. These programs are pretty important to Coinbase's business. So, they'd rather have no bill than one that hurts their interests.
The White House isn't happy about Coinbase's move. Patrick Witt, a top crypto official there, criticized Coinbase's stance. He said that blocking the bill now could be a big mistake. It's like fumbling the ball at the goal line, he suggested.
Coinbase's CEO, Brian Armstrong, isn't backing down. He said the bank lobby is trying to ban their competition. He thinks that's unfair and un-American. He's standing firm on Coinbase's red lines.
This all happened just as the Senate Banking Committee was about to vote on the bill. Coinbase's withdrawal forced them to delay the vote. It's caused some tension among key players in the crypto world.
https://localnews.ai/article/crypto-bill-trumps-push-coinbases-pull-ff73001a
actions
flag content