In the shadow of the White House’s looming gaze, Brian Armstrong, the architect of Coinbase, denied the existence of any rift, yet the air crackled with the tension of unspoken truths. One might say the crypto exchange, in a moment of pious defiance, chose to protest rather than support, as if the very act of dissent were a sacred ritual. 🤬💸
Crypto Market Bill Still On, Bank Negotiations Ongoing – Coinbase CEO
On January 15, Armstrong delivered a public renunciation of the Clarity Act, a move as dramatic as a Shakespearean soliloquy. The key crypto figure, with the gravitas of a prophet, warned that the proposed legislation would unleash a net negative upon the industry. Stablecoin yield sharing, he cried, was a serpent in the grass, and “no bill than a bad bill” became his mantra. 🐍
Following this, journalist Eleanor Terrett, with the precision of a scalpel, reported the White House’s fury, branding Coinbase’s critique a “rug pull.” The Trump administration, it seems, threatened to withdraw support for the Clarity Act unless Coinbase returned to the negotiation table, lest they face the wrath of a bureaucratic tempest. ⚖️
Yet Armstrong, ever the enigma, refuted the notion of a fallout, insisting the exchange was merely negotiating with banks on stablecoin yield sharing. A “super constructive” meeting with the White House, he claimed, proved the waters were calm. But one wonders if this is merely a ruse, a dance of shadows in the corridors of power. 🕵️♂️
The US banking industry, ever the cautious guardian, opposes stablecoin yield sharing, fearing a deposit flight even at 5% interest. Armstrong, with the optimism of a man clutching a lifeline, now seeks a deal that benefits all. Yet the question lingers: is this a genuine effort, or a performance for the masses? 🤝
Terrett Fires Back At Coinbase Boss
In a fiery X post, Terrett struck back, defending her report with the fervor of a zealot. She insists Armstrong’s rebuttal only confirms the White House’s conditional support for the Clarity Act: a deal with banks on stablecoin yield sharing is the price of admission. A game of chess, where the stakes are nothing less than the future of finance. 🏰
The Clarity Act, that beacon of regulatory clarity, aims to define digital assets’ place in the US. Its passage, they say, will bolster investor protection and fuel adoption. But in the hands of men like Armstrong and the White House, it becomes a battleground of ideologies, where truth is a casualty. 🧠
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2026-01-18 17:13