[Brian Armstrong: The Main Stalemate in the Market Structure Bill Lies with Banking Associations, Not Banks Themselves] Odaily Planet Daily News – Coinbase CEO Brian Armstrong stated that the primary reason for the deadlock in cryptocurrency market structure legislation negotiations lies with banking associations (trade groups), rather than individual banking institutions. Speaking at the World Liberty Forum in Florida, he pointed out that some industry associations view the crypto industry with a 'zero-sum mindset,' believing that for banks to win, the crypto industry must lose, thereby hindering the progress of the bill. One of the current points of contention is whether to allow stablecoin rewards. After the Senate Banking Committee's push for the market structure bill was blocked, banking representatives insisted on restricting stablecoin reward provisions during multiple rounds of meetings organized by the White House. The next round of related meetings is expected to take place this week. Armstrong stated that he anticipates a potential compromise in the future, offering new policy benefits to banks in exchange for their support of the bill. He also emphasized that what truly concerns small and medium-sized banks is not the flow of funds to stablecoin issuers but rather the flow of deposits to larger banking institutions. Meanwhile, several major banks have already begun to establish a presence in the crypto business, and Coinbase is currently providing crypto infrastructure support to 'all five of the world's top five banks.' Armstrong believes that since the U.S. already has compliant stablecoin products with reward mechanisms, the industry and regulators need to decide whether to view them as an opportunity or a threat.