Lobbying groups and executives representing the banking and crypto industries are planning to meet at the White House on Monday as tempers flare over a contentious piece of digital-asset legislation.

It was a rare White House rebuke to the crypto industry: Don’t take your newfound political muscle in Washington for granted.

Brian Armstrong, Co-Founder & CEO of Coinbase, discusses the Trump-backed crypto bill and the long-term role of digital assets in expanding access to investing worldwide with Bloomberg’s Emily Chang at Bloomberg House in Davos on the sidelines of the 2026 World Economic Forum. (Source: Bloomberg)

"There were surprises in the bill," says Rebecca Rettig, who has been in the room for some of the negotiations as the Senate Banking Committee crafts the crypto market-structure bill. She also serves on the CFTC's Digital Assets Subcommittee. Senate Banking Committee delayed its discussion of the crypto market-structure bill after Coinbase pulled its support for the latest version. Rettig joined the conversation on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)

Coinbase Global Inc. chief executive officer Brian Armstrong roamed the halls of the US Capitol Thursday to assure his company would continue to be able to pay rewards to customers holding stablecoins on its platform.

The unbridled optimism that permeated the crypto industry during Donald Trump’s first year back in power is giving way to angst, after a much-awaited digital-asset bill was delayed in the Senate amid frenzied debate over the treatment of stablecoins.

The Senate Banking Committee has delayed its discussion of the much-anticipated crypto market-structure bill, hours after exchange Coinbase Global Inc. pulled its support for the latest version.

Coinbase Global Inc. has pulled its support for the current version of the market-structure bill due for markup in the Senate Banking Committee on Thursday.

Rising prices and the irreversible nature of crypto transactions have led to a surge of brutal home invasions and kidnappings.

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said that a former customer service agent for the largest US crypto exchange was arrested in India, months after hackers bribed customer service representatives to gain access to customer information.

"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Strive CEO Matt Cole and Zerohash CEO Edward Woodford. (Source: Bloomberg)

Coinbase Global Inc. announced Monday that it will acquire a derivatives clearinghouse, The Clearing Company, to boost its entry into the growing prediction markets business.

Some of the largest banks are working with Coinbase Global Inc. on pilots surrounding stablecoins, custody and trading, the cryptocurrency exchange’s chief executive officer said on Wednesday.