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<p>Coinbase CEO Brian Armstrong will be meeting with bank executives to negotiate the terms of the U.S. crypto market structure bill during the World Economic Forum in Davos this week.</p>
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   <li>Coinbase CEO Brian Armstrong will meet with bank executives at the World Economic Forum to push for changes to the stalled crypto bill.</li>
   <li>Armstrong withdrew support for the CLARITY Act after reviewing a Senate draft last week.</li>
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<p>“I’m talking to different world leaders about economic freedom and how crypto can update their financial system,” Armstrong said in a video shared via a <a href="https://x.com/brian_armstrong/status/2013285736544350639?s=20" rel="noopener noreferrer nofollow">Monday X post</a>.</p>
<p>“Stablecoins should be an opportunity for both banks and crypto companies as long as we’re all treated on a level playing field,” he added.</p>
<h1 class="wp-block-heading" id="coinbase-pulls-support">Coinbase pulls support</h1>
<p>Last week, <a href="https://crypto.news/senate-crypto-bulls-face-make-or-break-test-as-coinbase-pulls-bill-support/" rel="noopener noreferrer nofollow">Coinbase pulled its support</a> for a revised draft of the CLARITY Act that was presented by the Senate Banking Committee.</p>
<p>After reviewing <a href="https://crypto.news/clarity-act-delayed-senate-struggles-2026/" rel="noopener noreferrer nofollow">the 182-page draft</a> just two days before it was scheduled for a markup vote, Armstrong argued that the new version was “materially worse than the current status quo” as the bill sought to limit core crypto functions that he deemed would set the industry back.</p>
<p>A key sticking point was <a href="https://crypto.news/coinbase-clarity-act-support-stablecoin-rewards-2026/" rel="noopener noreferrer nofollow">stablecoin yields</a>, which the banking sector has claimed could drain traditional bank deposits. Armstrong argued that it could restrict innovation in the stablecoin space and hand an unfair advantage to legacy financial institutions.</p>
<p>You might also like: <a href="https://crypto.news/pendle-price-eyes-breakout-spendle-staking-launch-2026/" rel="noopener noreferrer nofollow"> Pendle price eyes breakout above $2.35 resistance as new staking model goes live </a></p>
<p>Other concerns he raised involved expanded government access to financial data and a shift in regulatory power away from the Commodity Futures Trading Commission toward the Securities and Exchange Commission.</p>
<p>As a major crypto lobbyist, Coinbase’s withdrawal had immediate consequences, and the Senate markup session was postponed indefinitely.</p>
<h2 class="wp-block-heading" id="world-economic-forum-takes-centre-stage">World Economic Forum takes centre stage</h2>
<p>The sudden legislative impasse meant a new strategy was needed. Davos, where the World Economic Forum is being held from Jan. 19 to 23, has now become the venue for high-level negotiations outside of the typical D.C. political pressure.</p>
<p>According to <a href="https://www.reuters.com/business/davos/trump-meet-global-ceos-davos-with-us-policy-focus-2026-01-19/" rel="noopener noreferrer nofollow">Reuters</a>, President Donald Trump is also expected to make an appearance at the forum, but it is unclear whether crypto is on his agenda.</p>
<p>“We’re going to continue to work on the market structure legislation, and meet with some of the bank CEOs to figure out how we can make this a win-win,” Armstrong added.</p>
<p>Armstrong will also engage with world leaders on how crypto can modernize outdated financial infrastructure while exploring how tokenization can help democratize access to capital markets.</p>
<p>Read more: <a href="https://crypto.news/pump-fun-launches-3m-fund-ecosystem-startups-2026/" rel="noopener noreferrer nofollow"> Pump.fun expands into startup funding with new $3M ecosystem fund </a></p>

Coinbase CEO Brian Armstrong to meet with banking executives regarding market structure bill

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