Coinbase CEO Responds to White House Attitude Rumors: White House Attitude Constructive, Advancing Revenue Plan with Banks

Odaily News Regarding the news disclosed by crypto journalist Eleanor Terrett that "the White House may consider withdrawing its support for the crypto market structure bill," Coinbase CEO Brian Armstrong responded in the comments, stating that the above claim is inaccurate. He indicated that the White House's overall attitude on the related issue is "very constructive."

Brian Armstrong pointed out that the White House did indeed hope that Coinbase would explore feasible revenue distribution plans with banks, and relevant discussions are still ongoing. He added that Coinbase is researching specific plans to help the development of the "community banks" group, which is the focus of the bill itself, and stated that more progress will be announced later.