Key Insights:
The White House is reportedly reconsidering its support for the crypto bill.
Coinbase’s abrupt withdrawal appears to have prompted this reaction from the Trump administration.
The administration’s hesitation may stem from regulatory concerns, lack of industry consensus, and political timing.
The latest reports suggest that the White House could be reconsidering its support for the crypto market structure bill. This is after Coinbase abruptly withdrew its backing. It could withdraw support if Coinbase does not return with a yield agreement that satisfies banks and helps secure a broader deal.
This development poses the risk of slowing the crypto bill’s path through the US Congress. It also heightens tensions between the crypto sector and Washington regulators.
The White House May Pull Its Crypto Bill Support | Source: Eleanor Terrett
Eleanor Terrett, a reputed journolist and host, broke this news through her latest tweet. She stated that the White Ho
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