White House threatens to withdraw support for crypto bill after Coinbase move, calling it a rug pull on the industry

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– DeFi prohibitions, giving the government unlimited access to your financial…

— Brian Armstrong (@brian_armstrong) January 14, 2026

According to sources, the White House is reportedly furious over Coinbase’s “unilateral” move, which officials say occurred without prior notice, calling it a “rug pull” on both the administration and the industry.

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