The meeting reportedly happened hours before Donald Trump posted to his social media platform, echoing some of Brian Armstrong’s public statements about stablecoin yield.
US President Donald Trump reportedly met with Coinbase CEO Brian Armstrong just hours before issuing a statement criticizing banks for holding a market structure bill “hostage.”
According to a Tuesday Politico report, Trump met privately with Armstrong after a group of Coinbase representatives went to the White House. The details of the reported meeting were unclear, but the president posted to his Truth Social channel afterwards, that “the US needs to get Market Structure done, ASAP.”
“The banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda […],” said Trump in his Tuesday post.
