Coinbase CEO: Will seek to bridge the gap with banking executives, making stablecoins a win-win opportunity for crypto companies and traditional banks

DeepFlowTech · 2026-01-20T05:15:29+00:00

Coinbase CEO Brian Armstrong plans to meet with banking executives during the World Economic Forum to advance the U.S. Crypto Market Structure Bill. He hopes to find win-win opportunities for stablecoins, despite Coinbase withdrawing support last week due to the bill draft's impact, which led to the postponement of the Senate hearing.

DeepFlowTech

2026-01-20 05:15:29

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Deep Tide TechFlow News, January 20 — According to The Block, Coinbase CEO Brian Armstrong stated that during this week’s World Economic Forum, efforts to advance the U.S. crypto market structure legislation will continue. Armstrong plans to meet with banking executives in Davos to seek common ground and turn stablecoins into a win-win opportunity for crypto companies and traditional banks.

Last week, Coinbase withdrew its support for the bill due to the draft text indicating that it would prohibit crypto companies from paying interest on idle stablecoin balances. The banking industry strongly opposes such stablecoin yield offerings from crypto companies, arguing that it could lead to deposit outflows from traditional savings accounts and cause financial instability.

Following Coinbase’s withdrawal, the Senate Banking Committee has postponed the scheduled hearing. Armstrong said he will communicate the outcomes of discussions with banking executives to the Senate and government to promote the legislative process.

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