In brief
- Top Trump admin officials have appeared to criticize Coinbase for pulling support from the crypto market structure bill.
- Meanwhile, World Liberty Financial—co-founded by President Trump—is firmly supporting Coinbase’s approach to the bill.
- World Liberty, like Coinbase, has much riding on shifting language in the legislation regarding stablecoin rewards.
As the crypto industry’s most coveted piece of legislation stalls in Congress, the Donald Trump administration has pursued aggressive tactics to try and get the bill back on track—including by appearing to take shots at Coinbase, the industry giant that walked away from the bill last month.
In recent weeks, U.S. Treasury Secretary Scott Bessent has repeatedly…
