Coinbase CEO Brian Armstrong is set to continue discussions on the U.S. crypto market structure bill during the World Economic Forum in Davos, aiming to address remaining differences between crypto platforms and traditional banks. This effort comes after Coinbase temporarily withdrew support from the bill over restrictions on stablecoin yields.
Armstrong confirmed in a video statement that Coinbase will meet with bank executives at Davos to explore a “win-win” framework for both sectors. He emphasized that stablecoins should create opportunities for crypto companies and banks on a level playing field. Insights from these discussions will be shared with the Senate and administration to accelerate legislative progress.
The Senate’s draft bill seeks to bar digital asset providers from paying interest on idle stablecoins, while still permitting activity-based rewards such as staking or liquidity provision. This approach aligns with banking sector concerns about potential risks to traditional deposits. Coinbase’s withdrawal led the Senate Banking Committee to postpone its markup hearing, though the company plans to continue collaborating with legislators to refine the bill.
Beyond the bill, Armstrong aims to engage with world leaders on modernizing financial systems and exploring tokenization as a tool to democratize access to capital markets. The forum also sees participation from high-profile political figures, reflecting the growing intersection of finance and global policy.
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