Techub News reports, according to crypto journalist Eleanor Terrett, sources say that if Coinbase fails to propose a viable plan and return to negotiations, the White House may consider withdrawing support for the CLARITY Act. The White House is angry about Coinbase's previous "unilateral" actions, stating that they were not notified in advance. The sources indicate that the White House believes a single company cannot represent the entire crypto industry, "ultimately, this is President Trump's bill, not Brian Armstrong's bill."
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Techub News reports, according to crypto journalist Eleanor Terrett, sources say that if Coinbase fails to propose a viable plan and return to negotiations, the White House may consider withdrawing support for the CLARITY Act. The White House is angry about Coinbase's previous "unilateral" actions, stating that they were not notified in advance. The sources indicate that the White House believes a single company cannot represent the entire crypto industry, "ultimately, this is President Trump's bill, not Brian Armstrong's bill."