Coinbase Denied the White House's Promise to Support the Crypto Proposal.

Coinbase Denies Speculation on Crypto Regulation Bill

Coinbase has denied rumors that the White House's support for a bill regulating cryptocurrencies would be withdrawn. According to the company's statement, such claims are unfounded and there is no official threat.

The crypto community had become concerned due to increasing speculation, especially in recent days. A Coinbase spokesperson emphasized that this type of uncertainty could have a negative impact on investors. Additionally, the company highlighted that it is in constant communication with officials in Washington.

Media outlets like Bloomberg had reported that sources within the White House indicated the bill's support had become questionable. However, Coinbase asserted that these claims do not reflect the truth and expressed that their relationship with the executive branch is strong.

Crypto Regulations Are Critical for Investors

Regulations on cryptocurrencies are critically important for investors. How leading platforms like Coinbase shape current and future regulations is a major concern for the health of the market. In particular, the safety of investors and market stability depend on the proper implementation of such regulations.