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White House May Drop Crypto Bill After Coinbase Withdrawal: Report

Summary by Cointelegraph
The White House is considering withdrawing support for the CLARITY Act after Coinbase rejected the Senate draft, citing risks to DeFi, stablecoins and user privacy.
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24 Articles

Coinbase announced its withdrawal from support for the Clarity Act, triggering the anger of the White House. The ecosystem needs a clear vision, but as Brian Armstrong argues: "we prefer the absence of law to a bad law." The central question remains who will take away in this arm of iron for the future returns on stablecoins: traditional finance or the cryptocurrency ecosystem? The Coinbase article withdraws its support for the Clarity Act, the …

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Crypto Briefing broke the news in on Saturday, January 17, 2026.
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