Trump Met Coinbase CEO before Slamming Banks over Crypto Bill: Report
Donald Trump reportedly met with Coinbase CEO Brian Armstrong before criticizing banks for hindering a market structure bill.Summary
According to a Politico report, US President Donald Trump held a private meeting with Coinbase CEO Brian Armstrong shortly before publicly criticizing banks for allegedly holding a crucial market structure bill "hostage." Trump subsequently posted on Truth Social, demanding the market structure legislation be finalized quickly and stating he would not allow banks to undermine the "powerful Crypto Agenda." This meeting followed Coinbase's previous opposition to the bill as written, specifically due to amendments that could eliminate stablecoin rewards and allow banks to ban competing stablecoins. The legislation's markup was postponed by Senate Banking Committee Chair Tim Scott. Coinbase CEO Armstrong has maintained close ties with the administration, having attended events and advocated for crypto legislation, including speaking at a forum at Trump's Mar-a-Lago club.
(Source：Cointelegraph)