Banking trade groups responsible for impasse on market structure bill, Brian Armstrong says

Coinbase CEO Brain Armstrong said updated marketplace operation authorities whitethorn connection banks different benefits to get them connected committee with allowing stablecoin rewards.

Feb 18, 2026, 10:09 p.m.

PALM BEACH, Fla. — Banking commercialized groups, alternatively than idiosyncratic banks, are chiefly liable for stalled negotiations connected crypto marketplace operation legislation, Coinbase CEO Brian Armstrong said.

Banks themselves are looking astatine crypto arsenic an opportunity, helium said Wednesday astatine the World Liberty Forum hosted astatine Mar-a-Lago.

"For immoderate reason, sometimes incumbent industries person commercialized groups, and they presumption the satellite with a zero-sum mindset [where they believe] for the banks to win, crypto has to lose," helium said. "They're not viewing this arsenic a affirmative [step]."

Banking commercialized groups person represented the manufacture successful meetings with the crypto manufacture hosted by the White House since the Senate Banking Committee's propulsion to beforehand marketplace operation authorities past period fell apart. The latest specified meeting, which took spot past week, saw the banking manufacture holding the enactment connected its demands that the measure artifact stablecoin rewards.

The adjacent gathering is acceptable to instrumentality spot Thursday morning, individuals acquainted with the program told CoinDesk.

Read more: Crypto's banker adversaries didn't privation to woody successful latest White House gathering connected bill

Armstrong said helium did expect immoderate benignant of compromise wherever banks would person caller benefits nether a caller draught marketplace operation bill, though helium did not elaborate. When the Digital Asset Market Clarity Act stalled the nighttime earlier a Senate Banking Committee hearing, it was aft Armstrong publically withdrew his company's support.

In the existent talks, the Coinbase co-founder argued that idiosyncratic tiny and medium-sized banks did not truly fearfulness deposit formation to stablecoin issuers, but alternatively said their much urgent concerns were with deposit formation to larger banks.

Major banks are leaning into crypto arsenic well, helium said, adding that Coinbase is supporting crypto infrastructure for "five of the largest banks successful the world."

Other banks are hiring for blockchain oregon crypto-focused employees connected LinkedIn.

"We present unrecorded successful this satellite wherever we person regulated U.S. stablecoins with rewards," helium said. "You person to judge that arsenic a world and determine if you privation to dainty that arsenic an accidental oregon arsenic a threat."

What happens connected prediction platforms tin steer accepted markets, NYSE main says

Prediction marketplace outcomes are being utilized arsenic inputs for however players woody with accepted fiscal markets, NYSE President Lynn Martin said astatine Mar-a-Lago connected Wednesday.