CEO Disputes White House Crypto Tensions, Signals Constructive Negotiations with Banking Sector

Source: Coindoo Original Title: Brian Armstrong Pushes Back on White House Crypto Tension Claims Original Link:

The CEO of a major compliance-focused platform has publicly disputed claims that relations between the White House and the crypto industry have deteriorated, pushing back against reports suggesting the administration may abandon support for a sweeping US crypto market structure bill.

Responding to recent reporting, the executive said the portrayal of tensions was inaccurate and stressed that discussions with the White House remain constructive. According to him, the administration has not shut the door on cooperation but has instead encouraged the platform to explore compromise solutions with the banking sector.

Key Takeaways:

• Talks with the White House remain constructive
• The platform is working on proposals with banks, not walking away
• Community banks are a central focus of the negotiations
• Updates on potential compromises are expected soon

Rather than walking away, the platform is actively working on proposals aimed specifically at addressing concerns raised by community banks — a group central to the bill’s design. The ongoing talks are framed as collaborative, with hints that new ideas are being developed to ensure banks benefit from the legislation rather than feel threatened by it.

Focus Shifts to Banks, Not Brinkmanship

The clarification comes after reports suggested the White House could withdraw support for the crypto market structure framework if the platform failed to reach a yield-related agreement acceptable to banks. This response reframes that narrative, portraying negotiations as ongoing rather than stalled.

The executive emphasized that the bill’s purpose is not to favor large crypto firms but to integrate digital assets into the existing financial system in a way that supports smaller banking institutions. Aligning crypto infrastructure with community banks could ultimately strengthen the legislation’s political viability.

While no details were provided on the proposed solutions, signals indicate that updates are forthcoming, suggesting that talks have progressed beyond confrontation toward problem-solving.

The exchange highlights how sensitive the legislative process has become, with public perception playing a growing role alongside private negotiations. For now, both sides appear eager to keep talks alive — suggesting the future of US crypto regulation may hinge less on ultimatums and more on whether crypto firms and banks can find common ground.