Trump Signals Imminent Signing of Crypto Market Structure Bill, Amid Coinbase Dispute

President Donald Trump said Wednesday he hopes to sign a crypto market structure bill "very soon," during a speech at the World Economic Forum in Davos, signaling renewed momentum for stalled legislation. The statement follows last week’s abrupt delay of a Senate Banking Committee vote after Coinbase withdrew support, citing concerns over provisions limiting its ability to offer yield on stablecoin holdings. CEO Brian Armstrong stated, “We’d rather have no bill than a bad bill,” drawing criticism from White House digital assets council director Patrick Witt, who accused industry leaders of risking progress. Witt emphasized that operating without clear market rules is a “fantasy” and warned that obstructing the bill could have severe consequences. Armstrong, also attending Davos, maintained that bank lobbying efforts to restrict crypto competition are “un-American” and reiterated Coinbase’s stance on key legislative red lines.