Sources: If Coinbase cannot propose an effective plan to return to negotiations, the White House may consider withdrawing support for the Cryptocurrency Market Structure Act

MarsBitNews · 2026-01-17T02:38:30+00:00

The White House is considering withdrawing support for the Cryptocurrency Market Structure Act due to anger over Coinbase's failure to provide prior notice of actions, believing that the company does not represent the entire industry, and emphasizing that this is a bill from President Trump.

MarsBitNews

2026-01-17 02:38:30

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Breaking News from Mars Finance: According to reporter Eleanor Terrett, the White House is considering fully withdrawing support for the Cryptocurrency Market Structure Act unless Coinbase returns to the negotiating table and proposes a yield agreement that satisfies the banking industry. An insider close to the Trump administration revealed that the White House was angry about Coinbase’s unannounced “unilateral” action on Wednesday, calling it a “sudden change of stance” towards the White House and the entire industry. The source emphasized that the White House believes a single company cannot represent the entire crypto industry and stated, “Ultimately, this is President Trump’s bill, not Brian Armstrong’s bill.”

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