Coinbase CEO Brian Armstrong refuted reports of a conflict with the Trump administration, emphasizing ongoing constructive collaboration on the CLARITY Act concerning stablecoin regulation. The dispute centers on concerns from traditional banks about stablecoin yields prompting deposit outflows, with Coinbase tasked to negotiate a compromise. Despite progress, prediction markets estimate only a 41% chance of the bill passing this year, as industry leaders like Ripple remain cautiously optimistic.

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