Cryptocurrencies
White House Summons Coinbase, Banks to Hash Out Crypto Bill
Coinbase CEO Brian Armstrong speaks to members of the media on Capitol Hill in Washington on Jan. 15.
Photographer: Aaron Schwartz/BloombergLobbying groups and executives representing the banking and crypto industries are planning to meet at the White House on Monday as tempers flare over a contentious piece of digital-asset legislation.
The proposed meeting comes after Coinbase Global Inc.’s Chief Executive Officer Brian Armstrong publicly withdrew his support for a key draft of a long-awaited bill that would reshape crypto market structure.