Coinbase CEO to raise US crypto bill concerns at WEF
- ByStartupStory | January 20, 2026
Coinbase CEO Brian Armstrong heads to Davos determined to spotlight flaws in the stalled US crypto market structure bill, pushing for revisions that protect innovation while bridging divides with traditional banking.
Market Structure Bill Stalls Over Key Disputes
Armstrong recently withdrew Coinbase’s support from the Senate Banking Committee’s draft after reviewing its text, citing issues like de facto bans on tokenized equities, curbs on DeFi and privacy tools, and changes weakening CFTC oversight in favor of SEC dominance. The bill aims to clarify whether digital tokens count as securities or commodities and shift spot crypto markets to CFTC jurisdiction, but banking lobbies demand restrictions on stablecoin interest rewards to prevent crypto firms from competing on deposit-like yields.
Davos Agenda Targets Bank CEOs and Lawmakers
At the World Economic Forum, Armstrong plans direct talks with bank CEOs to craft industry-backed compromises, emphasizing stablecoins’ potential to benefit both crypto platforms and legacy finance through faster settlements and tokenized assets. With bipartisan momentum fading after the markup delay, his WEF push underscores crypto’s evolution into financial infrastructure – when Davos conversations fix token classification, Coinbase positions regulation as the on-ramp to trillion-dollar market maturity.
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