"We will protect stablecoin interest"…Coinbase CEO confident of a deal on the CLARITY Act

Brian Armstrong, CEO of Coinbase, expressed strong confidence that a market structure can be established that both addresses the banking sector’s concerns and advances U.S. President Donald Trump’s digital-asset (cryptocurrency) agenda.

On the 12th (local time), Armstrong wrote on X, “We are confident we can achieve a ‘win-win’ market structure that resolves banks’ concerns while advancing the President’s digital-asset agenda,” adding, “Throughout the process, our focus will be on advocating for the best outcomes for digital-asset users.”

Armstrong emphasized that Coinbase has been leading efforts to improve market structure. “We went all in,” he said, adding, “We were the first to fight for it before market-structure discussions became mainstream, and we’re still at the negotiating table.” However, he also voiced concern, saying, “The GENIUS Act, which passed six months ago, is now being revisited,” and “This is an issue that will have a profound impact on our customers.”

He also disclosed recent meetings at the White House. Armstrong said, “Coinbase attended both of the two recent White House meetings, and the digital-asset industry is aligned around a single position.” He added, “We are making smooth progress toward an agreement that the White House, banks, and the digital-asset industry can all support,” and “In particular, we will continue to speak out to the very end to protect key consumer benefits such as (stablecoin) rewards.”