Trump held private meeting with Coinbase CEO Brian Armstrong before urging banks to support crypto bill

Coinbase CEO Brian Armstrong led a delegation that visited the White House on Tuesday, hours after President Donald Trump publicly urged banks to support a key crypto market structure bill. Politico confirmed that Trump held a closed-door meeting with Armstrong prior to his public statement. In his remarks, Trump criticized banks for obstructing pro-crypto legislation like the GENIUS Act and the CLARITY Act, warning that delays risk pushing crypto innovation overseas. The CLARITY Act is currently stalled in the Senate due to disagreements over stablecoin yield provisions; banks seek to ban these yields to prevent deposit flight, while crypto advocates argue this unfairly targets their industry. Despite mediation efforts, no resolution was reached, though Armstrong recently expressed optimism that a breakthrough is near, suggesting a "win-win-win" path exists for all parties.

(Source：Crypto Briefing)