Coinbase CEO Brian Armstrong said there is no clash with the White House and that talks remain ongoing as the industry works on proposals tied to the CLARITY market-structure bill. The focus is on ways to support community banks' role in crypto.

Citibank is looking to broaden its crypto offerings by adding asset custody and stablecoin services, reflecting the growing importance of these digital assets. Industry experts highlight the move's potential impact on community banks and the wider financial ecosystem.