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Coinbase CEO Wins Trump’s Support in Crypto Bill Battle

Coinbase CEO Wins Trump’s Support in Crypto Bill Battle

Coinbase has reportedly gotten the White House’s backing in a battle over pending cryptocurrency legislation.

President Donald Trump met Tuesday (March 3) with Coinbase CEO Brian Armstrong before publicly siding with the company in its ongoing fight with banks over the stalled stablecoin-focused bill, Politico reported, citing two sources with knowledge of the matter.

While it is not clear what transpired in the meeting, it happened just before a social media post from the president saying that banks “need to make a good deal with the Crypto Industry” so that the digital asset legislation can move forward.

Trump added that a recently adopted crypto law is “being threatened and undermined by the Banks, and that is…

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