White House May Pull Support for Crypto Market Structure Bill After Coinbase Walkout

Journalist Eleanor Terrett reported on January 17, 2026, that the Trump administration is weighing whether to withdraw backing for the crypto market structure bill if Coinbase does not return to negotiations over stablecoin yield terms. Coinbase and CEO Brian Armstrong have criticized bank-driven changes they say restrict stablecoin rewards and tokenized equities, while critics like Citron Research allege the exchange is undermining the bill to fend off competition. The dispute has coincided with the Senate Banking Committee postponing its planned markup of the bill on January 15 without setting a new date.