Coinbase CEO Confident of ‘Win-Win-Win’ Deal Between White House, Banks, Crypto

CN
3 hours ago

Coinbase CEO Brian Armstrong shared on social media platform X on Feb. 12 that the company is intensifying efforts to advance U.S. crypto market structure legislation while engaging with the White House and banking stakeholders.

He stated:

“I’m confident we can achieve a market structure win-win that advances the President’s crypto agenda while addressing the concerns of the banks. Our focus throughout will be to advocate for what’s best for crypto users.”

“We’re all in – we were the first ones fighting for market structure before it was popular, and we’re staying at the table. GENIUS passed 6 months ago and is now being re-litigated. That deeply impacts our customers,” Armstrong explained.

The White House convened high-level talks this month between crypto firms and major banks to address a legislative impasse over the Digital Asset Market Clarity Act. The sessions, led by White House Crypto Policy Council adviser Patrick Witt, were held on Feb. 2 and Feb. 10 and included representatives from Coinbase, Ripple, and the Blockchain Association, among other industry participants, alongside the American Bankers Association and the Bank Policy Institute, as well as additional banking stakeholders. Executives from JPMorgan, Goldman Sachs, and Citi also took part in the discussions.

The central dispute is stablecoin yield, with banks seeking a ban over deposit flight concerns and crypto firms supporting activity-based rewards to protect innovation and consumer choice. Despite describing the talks as productive, the Feb. 10 session ended without a compromise, and the White House directed both sides to propose specific legislative language to move the bill forward.

The Coinbase CEO further shared, “Coinbase attended both recent White House meetings and the crypto industry is aligned,” emphasizing:

“We’re making good progress towards reaching a win-win-win between the White House, banks and crypto, and we’ll keep advocating for what’s best for crypto users, especially core consumer benefits like rewards.”

Armstrong recently highlighted that 2025 was a strong year for Coinbase and positioned the company for continued growth in 2026. He pointed to a 156% year-over-year increase in trading volume, a doubling of crypto market share, 12 products generating more than $100 million in annualized revenue, and new highs in USDC and Coinbase One, ending his update with a brief message of momentum.

  • Why is Coinbase intensifying efforts around U.S. crypto market structure legislation?
    Coinbase is pushing for regulatory clarity to secure long-term growth, protect crypto user rewards, and align with the White House.
  • What is the key dispute between banks and crypto firms in the Digital Asset Market Clarity Act?
    The central conflict revolves around stablecoin yield, with banks seeking restrictions over deposit flight risks while crypto firms advocate for activity-based rewards to preserve innovation and consumer incentives.
  • How could the White House-led negotiations impact Coinbase’s business outlook?
    Successful legislative compromise could reduce regulatory uncertainty, unlock new product opportunities, and strengthen Coinbase’s competitive position in U.S. crypto markets.
  • What recent performance metrics signal Coinbase’s momentum heading into 2026?
    Coinbase reported a 156% year-over-year surge in trading volume, doubled market share, 12 products exceeding $100 million in annualized revenue, and record highs in USDC and Coinbase One adoption.

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