Eleanor Terrett responds to Coinbase CEO: White House support depends on the outcome of the revenue agreement

In response to Coinbase CEO Brian Armstrong's statement that "the White House's attitude is constructive," crypto journalist Eleanor Terrett further stated that her previous report was "factually accurate and logically sound."

Terrett pointed out that Armstrong's response actually confirms the core content of the report, namely that the White House has asked Coinbase to facilitate an agreement with banks regarding revenue issues.

Terrett emphasized that what she has learned is that the White House's current support for the crypto market structure bill depends on whether the aforementioned revenue agreement can be successfully reached, and that the related position is not an unconditional support.