Coinbase CEO Armstrong To Discuss Crypto Bill With Banks At Davos Event

TLDR

Table of Contents

Coinbase withdrew support from bill due to stablecoin yield restrictions.
Armstrong to meet banks at Davos to resolve remaining bill concerns.
Senate postponed markup hearing after Coinbase’s withdrawal.
The bill aims to regulate digital assets and stablecoin operations fairly.

Coinbase CEO Brian Armstrong has confirmed that he will continue working on the U.S. crypto market structure bill during the World Economic Forum in Davos. He plans to meet with major bank executives to find common ground and move the legislation forward.

Meetings Planned with Bank Executives

Coinbase CEO Brian Armstrong confirmed that he will continue to work on the U.S. crypto market structure bill during the World Economic Forum (WEF) in Davos, held from January 19 to 23, 2026. In a video shared on X, he stated that the discussions aim to create fair conditions for both crypto firms and traditional banks.

“We’re going to continue to work on the market structure legislation, and meet with some of the bank CEOs to figure out how we can make this a win-win,” Armstrong said. The meetings will focus on stablecoins and the possibility of building consensus around rules that allow innovation without disrupting the financial system.

🤝 Coinbase CEO @brian_armstrong said he will take US crypto market structure talks to Davos, seeking a compromise with banks as legislation stalls in Washington.#Coinbase #CryptoMarketStructure https://t.co/GKvYIkcTSs
— Cryptonews.com (@cryptonews) January 20, 2026

Armstrong plans to share the results of these talks with U.S. lawmakers, including the Senate and the administration. Coinbase aims to help advance the stalled legislative process.

Withdrawal of Support from the Bill

Coinbase recently withdrew its support from the updated draft of the Senate’s market structure bill. The company raised concerns after the text proposed a ban on paying interest or yield on idle stablecoin balances.

The bill allows activity-based rewards such as staking and providing liquidity but limits interest simply for holding stablecoins. This proposal aligns with positions held by traditional banks, which oppose allowing crypto platforms to offer yields, stating it could harm their deposit base and stability.

Following Coinbase’s withdrawal, the Senate Banking Committee postponed its planned markup hearing. No new date has been announced yet. Despite stepping back from supporting the current draft, Coinbase said it remains committed to working with lawmakers to adjust the language in the bill.

Focus on Creating a Balanced Financial Framework

Armstrong stated that stablecoins should offer equal opportunities to both traditional banking institutions and crypto companies. During his meetings at Davos, he plans to address this issue directly with financial leaders to reach a balanced solution.

He also aims to highlight how blockchain technology and tokenization can bring modernization to traditional financial systems. According to Armstrong, digital assets could help expand access to capital markets if supported by clear and fair regulation.

Coinbase continues to push for legal clarity and frameworks that can support both innovation and financial stability in the U.S. market.

Broader Context at Davos Forum

The World Economic Forum in Davos is hosting discussions on global finance, technology, and regulation. Armstrong is expected to use this platform to engage with leaders across industries and governments.

Former U.S. President Donald Trump is also attending the forum. According to a Reuters report, Trump is meeting with global investors, though it is unclear if crypto-related topics will be addressed. A key focus of his meetings may be the ongoing dispute between the U.S. and the European Union over Greenland.

As crypto regulation remains a key topic for financial policy, Armstrong’s presence in Davos marks Coinbase’s continued push to shape fair and effective laws in the U.S. digital asset sector.