PANews
PANews|Jan 17, 2026 02:10
[Crypto Journalist: White House Considers Withdrawing Support for Crypto Market Structure Bill if Coinbase Fails to Present Bank-Satisfactory Yield Agreements] According to journalist Eleanor Terrett, a source close to the Trump administration revealed that if Coinbase fails to present yield agreements satisfactory to banks and achieve consensus among all parties, the White House is considering completely withdrawing its support for the crypto market structure bill. The White House is reportedly furious over Coinbase's 'unilateral' actions on Wednesday, which apparently were taken without prior notice. The White House described this move as a 'betrayal' to both the White House and the entire industry. The source also stated that the White House believes one company cannot represent the entire industry. 'At the end of the day, this is President Trump's bill, not Brian Armstrong's.'
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