Coinbase CEO denies White House outrage over unilateral actions; CLARITY bill remains focused on yield agreements.
TL;DR
Coinbase CEO Brian Armstrong denies reports of White House outrage over the company's actions, stating the White House is proactive and they are working on agreements. Crypto journalist Eleanor Terrett refutes this, emphasizing the White House's focus on yield agreements.
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On January 18, Coinbase CEO Brian Armstrong responded to reports that "the White House is furious about Coinbase's unilateral actions and is considering withdrawing its support for the CLARITY Act," stating that the report was inaccurate. He added that the White House has been very proactive in this matter. The White House has indeed asked Coinbase to seek agreements with banks, and they are currently working on it. More details will be released soon.
Crypto journalist Eleanor Terrett, who wrote the report, refuted Coinbase's CEO, stating, "My report is rigorous and accurate. The core point is that the White House is demanding that Coinbase reach an agreement on yield, and the White House's support now seems to depend on the final outcome of that yield agreement."