Top headline: Associated Press, 11/17/2025
Bottom headline: New York Times, 1/15/2026
Will Weissert reports for the AP:
Coinbase Background: The major cryptocurrency exchange was founded by Brian Armstrong, a top donor to a political action committee that helped Trump and other pro-crypto candidates in 2024. Armstrong attended the first crypto summit at the White House in March. Coinbase also hired Trump’s co-campaign manager, Chris LaCivita, to its Global Advisory Council. [emphasis added]
David Yaffe-Bellany reports for the Times:
A major cryptocurrency bill was headed for a committee vote in the Senate on Thursday after months of negotiations, a crucial step in the legislative process.
Then came a social media post from the top executive of Coinbase, the largest U.S. crypto company.
“Coinbase unfortunately can’t support the bill as written,” Brian Armstrong, chief executive of Coinbase, posted on X on Wednesday evening. “This version would be materially worse than the current status quo. We’d rather have no bill than a bad bill.”
Within hours, the Senate vote was canceled.
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