Trump Says He Hopes to Sign Crypto Market Structure Bill 'Very Soon'
President Donald Trump expressed strong support for crypto market structure legislation, stating he hopes to sign it “very soon” to promote financial freedom. His remarks follow recent turmoil when Coinbase withdrew its support for the bill, prompting the Senate to pause a key vote. Coinbase’s withdrawal reportedly stemmed from concerns over provisions that could restrict its ability to offer yield on stablecoins, a central part of its business. Coinbase CEO Brian Armstrong said, “We’d rather have no bill than a bad bill.” In response, Patrick Witt, head of Trump’s digital assets council, criticized this stance, arguing that blocking the bill now could have dire industry consequences. Armstrong accused the banking lobby of trying to limit competition, asserting that he opposes such efforts, which he labeled “un-American.” The legislative effort remains tense amid disagreements between crypto industry players and banking interests.
