White House May Pull Support for CLARITY Act After Coinbase Standoff

The White House is considering withdrawing its support for the US crypto market structure bill entirely after Coinbase pulled its backing and declined to return to negotiations, according to multiple reports.

Reportedly, the administration is pushing for a last-minute agreement on stablecoin yield rules that would satisfy banks and bring industry players back into alignment. If Coinbase refuses to re-engage, the White House may walk away from the bill.

The confrontation marks the latest twist in the CLARITY Act saga, which has unfolded rapidly over the past week.