Coinbase CEO: No White House Clash as Industry Pushes Community Bank Support
Coinbase CEO Brian Armstrong told reporters that discussions with the administration are continuing and that there is no confrontation with the White House over crypto policy. His remarks come amid ongoing negotiations around the CLARITY market-structure bill, with Armstrong presenting a cooperative posture and emphasizing industry willingness to engage constructively on regulatory design.
Industry groups are developing several proposals to support community banks within the CLARITY framework, aiming to preserve smaller banks' access to crypto-related services and fiat rails. That matters because community banks often provide local custody, treasury, and on‑ramps; keeping them in the market could broaden access and reduce concentration risks. Lawmakers and regulators will watch whether these proposals shape the final bill and impact how banks serve crypto firms going forward.