It seems like the cryptocurrency world is about to get a lot more interesting. Or, at the very least, a lot more dramatic. 😂 According to popular journalist Eleanor Terrett, the Trump administration is throwing a tantrum because Coinbase didn’t get on board with a bill that would supposedly regulate the crypto market. And by “tantrum,” I mean they’re considering pulling their support for the bill entirely. 🤯
The White House is reportedly “furious” with Coinbase’s decision to pull out of negotiations, calling it a “rug pull” against them and the rest of the crypto industry. 🚫 I mean, I’ve seen some salty tweets in my day, but this takes the cake.
SCOOP: The White House is considering pulling its support for the crypto market structure bill entirely if @coinbase does not come back to the table with a yield agreement that satisfies the banks and gets everyone to a deal, a source close to the Trump administration tells me.…
– Eleanor Terrett (@EleanorTerrett) January 17, 2026
Apparently, Coinbase’s CEO Brian Armstrong had some issues with the bill, including a de facto ban on tokenized equities, DeFi prohibitions, and the erosion of the CFTC’s authority. 🤔 But the White House is all like, “Hey, this is President Trump’s bill, not yours, Brian.” 🎉
Meanwhile, Citron Research is calling Armstrong out for undermining the bill, saying he’s just trying to protect Coinbase’s interests and prevent competition from tokenized securities firms. 🤑 It’s like a big ol’ game of crypto chicken, and I’m here for it. 🍿
The Senate Banking Committee was supposed to discuss the bill on January 15, but they postponed it and haven’t rescheduled yet. I guess we’ll just have to wait and see how this drama plays out. Stay tuned, folks! 📺
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2026-01-17 11:19