Trump Meets with Coinbase CEO Ahead of Urgent Call for Crypto Bill Support

President Donald Trump held a private meeting with Coinbase CEO Brian Armstrong at the White House on Tuesday. The closed-door meeting was confirmed by Politico just hours after Trump issued a statement on Truth Social urging banks to make a deal with crypto firms over the key crypto market structure bill.

The statement, which criticized banks for standing in the way of pro-crypto bills like the GENIUS Act and the CLARITY Act, warned that delays could push innovation to countries like China and hurt American investors. The CLARITY Act aims to establish a comprehensive federal framework for digital asset market structure and delineate jurisdictional boundaries between the SEC and CFTC.

However, efforts by administration officials to mediate between banks and crypto companies have stalled due to unresolved disputes over stablecoin yield provisions. Banks have pushed for a ban on stablecoin yields in an effort to curb deposit flight, but crypto figures like Armstrong argue that the push unfairly targets crypto firms.