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Sources: If Coinbase cannot propose an effective plan to return to negotiations, the White House may consider withdrawing support for the Cryptocurrency Market Structure Act
Breaking News from Mars Finance: According to reporter Eleanor Terrett, the White House is considering fully withdrawing support for the Cryptocurrency Market Structure Act unless Coinbase returns to the negotiating table and proposes a yield agreement that satisfies the banking industry. An insider close to the Trump administration revealed that the White House was angry about Coinbase’s unannounced “unilateral” action on Wednesday, calling it a “sudden change of stance” towards the White House and the entire industry. The source emphasized that the White House believes a single company cannot represent the entire crypto industry and stated, “Ultimately, this is President Trump’s bill, not Brian Armstrong’s bill.”