Reports that the White House has withdrawn its support for the CLARITY Act have been refuted by Coinbase CEO Brian Armstrong. Brian claims that talks with the government are still positive.
He also asserted the allegation implying the White House had withdrawn support was false in a January 18 post on X. Instead, he clarified, the administration had requested that Coinbase investigate the possibility of reaching an agreement with banks, especially smaller regional lenders.
According to Armstrong, the bill’s potential effects on smaller banks are currently at the centre of ongoing conversations. He emphasised that these discussions should not be interpreted as a loss of support for the law.
The comments came after journalist Eleanor Terrett reported that White House officials were frustrated when Coinbase withdrew its backing of the CLARITY Act earlier this month without notice. The move was reportedly viewed as damaging trust and slowing legislative momentum.
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