CoinVoice has learned that, according to the latest sources close to the Trump administration, if Coinbase does not return to the negotiating table to reach a satisfactory revenue agreement for banks and facilitate a final deal, the White House is considering fully withdrawing support for the Cryptocurrency Market Structure Act. The latest sources say that the White House is angry about Coinbase's unilateral action on Wednesday, calling it a "sudden change of stance" on the White House and the entire industry without prior notice. The White House believes that a single company cannot represent the entire industry and emphasizes that the bill ultimately belongs to President Trump, not Brian Armstrong.
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CoinVoice has learned that, according to the latest sources close to the Trump administration, if Coinbase does not return to the negotiating table to reach a satisfactory revenue agreement for banks and facilitate a final deal, the White House is considering fully withdrawing support for the Cryptocurrency Market Structure Act. The latest sources say that the White House is angry about Coinbase's unilateral action on Wednesday, calling it a "sudden change of stance" on the White House and the entire industry without prior notice. The White House believes that a single company cannot represent the entire industry and emphasizes that the bill ultimately belongs to President Trump, not Brian Armstrong.