Coinbase CEO denies rumors that the White House will withdraw its support for a cryptocurrency market structure bill.

Mars Finance reports that Coinbase CEO Brian Armstrong has denied reports that the Trump administration is considering withdrawing its support for the cryptocurrency market structure bill. Armstrong stated that the claim is inaccurate. He added that the White House has been very proactive on this matter. "They have indeed asked us to try to reach an agreement with the banks, and we are currently working on it. In fact, we have been coming up with some good ideas that we hope will specifically help community banks in this bill, as it is focused on community banks. More information will be released soon." Previously, journalist Eleanor Terrett reported that the White House was considering withdrawing its support for the market structure bill if Coinbase did not offer a yield agreement that satisfied banks.