
Banking trade groups responsible for impasse on market structure bill, Brian Armstrong says
PALM BEACH, Fla. — Banking trade groups, rather than individual banks, are chiefly responsible for stalled negotiations on crypto market structure legislation, Coinbase CEO Brian Armstrong said. Banks themselves are looking at crypto as an opportunity, he said Wednesday at the World Liberty Forum hosted at Mar-a-Lago. "For whatever reason, sometimes incumbent industries have trade groups, and they view the world with a zero-sum mindset [where they believe] for the banks to win, crypto has to lose," he said. "They're not viewing this as a positive [step]." Banking trade groups have represented the industry in meetings with the crypto industry…








