[Coinbase CEO: Market Structure Bill Negotiations Stalled, Banking Trade Groups Are the Main Reason] According to a report by Jinse Finance, Coinbase CEO Brian Armstrong stated on Wednesday that it is not the banks themselves but the banking trade groups that are hindering negotiations on crypto market structure legislation. Armstrong noted that banks see crypto as an opportunity, but industry trade groups hold a zero-sum mindset, believing that 'for banks to win, crypto must lose.' After the Senate Banking Committee's push for the bill was blocked last month, trade groups insisted during a White House meeting on banning stablecoin rewards. Armstrong expects the new version of the bill to bring new benefits to banks, pointing out that small and medium-sized banks are genuinely concerned about deposits flowing to large banks rather than stablecoin issuers. Coinbase is currently providing crypto infrastructure support to the 'world's five largest banks.'