Coinbase CEO Brian Armstrong has refuted claims that the White House has withdrawn support for the CLARITY Act, confirming that discussions with the administration are ongoing and productive. Armstrong emphasized the goal of achieving a balanced approach to crypto regulation. Coinbase recently withdrew its support for the CLARITY Act due to concerns about its potential impact on the crypto market, particularly on decentralized finance and stablecoin yields. The bill proposes shifting oversight from the CFTC to the SEC, a move that has divided industry opinion. Despite tensions, Armstrong reassured that talks with the White House remain constructive, focusing on balancing innovation with traditional financial sector needs. Key discussions involve the impact of stablecoin yields on smaller banks, with negotiations set to continue as lawmakers revise the bill in early 2026.
Coinbase CEO Refutes White House Withdrawal from CLARITY Act Talks
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