Coinbase Pushes Back on Rumors That White House Might Drop Support for Crypto Bill
Coinbase CEO Brian Armstrong rejected reports that the White House is pulling support for a key crypto market structure bill, saying the administration has been "super constructive." Armstrong said the administration asked Coinbase to work out a deal with banks, with a particular focus on helping community banks benefit from the legislation. Coinbase's sudden withdrawal of support for the bill last week roiled the crypto industry, prompted the Senate to cancel a scheduled hearing and fueled speculation about a banks-versus-crypto power struggle. #MarketRebound #BTC100kNext?
Many forget that after reaching $69K, $BTC also dropped all the way down to $15K.
Now we’re seeing it recover from $125K, but the real question is — what’s next?
Personally, I don’t think their intentions look too positive right now. How deep will the next dip go before we see another All-Time High? That’s going to be interesting. 👀
So far, we haven’t seen any strong deals, positive talks, or major meetings from China, Russia, or the US that could support the market.
👉 My advice: Keep buying $BTC but don’t go all-in at once. Always remember — Risk Management is everything.