Coinbase CEO Responds to Rumors About the White House's Stance: The White House Has Taken a Constructive Approach, and We Are Working with Banks to Develop a Revenue Plan
Svmuu News: In response to a report by crypto journalist Eleanor Terrett suggesting that “the White House may be considering withdrawing its support for the Crypto Market Structure Act,” Coinbase CEO Brian Armstrong stated in the comments section that the report was inaccurate. He noted that the White House’s overall stance on the matter has been “very constructive.”Brian Armstrong noted that the White House had indeed encouraged Coinbase to explore viable revenue-sharing models with banks, and that discussions on this matter are still ongoing. He added that Coinbase is currently developing specific proposals to support the “community banks” targeted by the bill and will announce further updates in the future.
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