PANews reported on January 18 that Coinbase CEO Brian Armstrong denied reports that the Trump administration was considering withdrawing its support for the cryptocurrencyPANews reported on January 18 that Coinbase CEO Brian Armstrong denied reports that the Trump administration was considering withdrawing its support for the cryptocurrency
Coinbase CEO denies rumors that the White House will withdraw its support for a cryptocurrency market structure bill.
PANews reported on January 18 that Coinbase CEO Brian Armstrong denied reports that the Trump administration was considering withdrawing its support for the cryptocurrency market structure bill. Armstrong stated that the claim was inaccurate. He added that the White House has been very active on this matter. "They have indeed asked us to try to reach agreements with banks, and we are currently working on that. In fact, we have been coming up with some good ideas that we hope will specifically help community banks in this bill, as that bill focuses on community banks. More information will be released soon."
According to a previous report by journalist Eleanor Terrett, the White House is considering withdrawing its support for the Market Structures Act if Coinbase does not offer a yield agreement that satisfies banks.
Market Opportunity
Whiterock Price(WHITE)
$0.0001968
$0.0001968$0.0001968
USD
Whiterock (WHITE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Crypto Shows Mixed Reaction To Rate Cuts and Powell’s Speech
The post Crypto Shows Mixed Reaction To Rate Cuts and Powell’s Speech appeared on BitcoinEthereumNews.com. Jerome Powell gave a speech justifying the Fed’s decision to push one rate cut today. Even though a cut took place as predicted, most leading cryptoassets began falling after a momentary price boost. Additionally, Powell directly addressed President Trump’s attempts to influence Fed policy, claiming that it didn’t impact today’s decisions. In previous speeches, he skirted around this elephant in the room. Sponsored Sponsored Powell’s FOMC Speech The FOMC just announced its decision to cut US interest rates, a highly-telegraphed move with substantial market implications. Jerome Powell, Chair of the Federal Reserve, gave a speech to help explain this moderate decision. In his speech, Powell discussed several negative economic factors in the US right now, including dour Jobs Reports and inflation concerns. These contribute to a degree of fiscal uncertainty which led Powell to stick with his conservative instincts, leaving tools available for future action. “At today’s meeting, the Committee decided to lower the target range…by a quarter percentage point… and to continue reducing the size of our balance sheet. Changes to government policies continue to evolve, and their impacts on the economy remain uncertain,” he claimed. Crypto’s Muted Response The Fed is in a delicate position, balancing the concerns of inflation and employment. This conservative approach may help explain why crypto markets did not react much to Powell’s speech: Bitcoin (BTC) Price Performance. Source: CoinGecko Sponsored Sponsored Bitcoin, alongside the other leading cryptoassets, exhibited similar movements during the rate cuts and Powell’s speech. Although there were brief price spikes immediately after the announcement, subsequent drops ate these gains. BTC, ETH, XRP, DOGE, ADA, and more all fell more than 1% since the Fed’s announcement. Breaking with Precedent However, Powell’s speech did differ from his previous statements in one key respect: he directly addressed claims that President Trump is attacking…
Share
BitcoinEthereumNews2025/09/18 09:01
Steak ’n Shake Adds $10M Bitcoin to Treasury After Crypto Payment Success
Steak ’n Shake expands Bitcoin treasury strategy after crypto payments boost sales, cut costs, and strengthen competitive performance during 2025. Steak ’n Shake
Share
LiveBitcoinNews2026/01/18 21:30
XRP holds $2 support – Are buyers quietly taking control?
The post XRP holds $2 support – Are buyers quietly taking control? appeared on BitcoinEthereumNews.com. XRP continued to defend the psychological and technical $
Share
BitcoinEthereumNews2026/01/18 21:01