Coinbase Denies White House Crypto Bill Threat Rumors, Affirms Regulatory Support

Cryptocurrency exchange Coinbase has officially refuted circulating rumors suggesting the White House threatened to withdraw its support for pivotal cryptocurrency legislation. The company clarified that its discussions with policymakers remain constructive and focused on establishing a clear regulatory framework for the digital asset industry. This denial aims to quell market uncertainty and reinforce the ongoing dialogue between crypto leaders and U.S. regulatory bodies. The development is seen as a positive step towards achieving regulatory clarity, which is crucial for the mainstream adoption and stability of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).