Crypto Regulation Talks Continue as CEO Dismisses Pullback Rumors

Source: Coindoo Original Title: Crypto Regulation Talks Continue as Coinbase CEO Dismisses Pullback Rumors Original Link: A major crypto compliance platform CEO has publicly rejected claims that the White House is preparing to pull its support from a major crypto market structure bill, calling recent reports inaccurate and overstated.

The comments came after speculation surfaced that tensions between the platform and the administration of U.S. President Donald Trump could derail progress on the CLARITY Act, a bill designed to establish clearer rules for digital asset markets in the United States.

Key Takeaways

• CEO says reports of the White House abandoning crypto regulation talks are inaccurate
• The platform is still working with the administration on compromises involving community banks
• The CLARITY Act has been delayed, but negotiations are expected to resume in the coming weeks

White House Talks Continue Behind the Scenes

The renewed debate was triggered by a report which claimed the White House was considering withdrawing its backing for the CLARITY Act if the platform refused to reengage in negotiations over yield-sharing provisions tied to stablecoins.

The CEO disputed that characterization, saying there is no breakdown in relations and no hostile standoff. He framed the situation as a normal legislative negotiation, emphasizing that the administration has encouraged dialogue rather than confrontation.

While the platform did step back from supporting the current version of the CLARITY Act, the CEO said the decision was driven by substance, not politics. He argued that the latest draft could severely restrict decentralized finance, limit tokenized securities, and block consumers from earning yield on certain digital assets.

Why the Platform Walked Away From the Current Draft

The platform’s withdrawal of support marked a turning point in the bill’s progress. The CEO described parts of the draft as damaging for both innovation and consumers, stating that passing flawed legislation would be worse than delaying regulation altogether.

That stance has contributed to the U.S. Senate Banking Committee postponing its planned markup of the CLARITY Act, giving lawmakers more time to revise the proposal and engage with industry stakeholders.

Despite the pause, the CEO struck an optimistic tone, suggesting that negotiations are moving toward a revised draft that could return to the Senate within weeks. He reiterated that the platform supports regulation in principle, but only if it protects consumers without undermining the foundations of the crypto economy.