What is Baek Gwan's true stance? Coinbase CEO reveals the current status of 'constructive discussions'

Recently, as rumors about a change in Bai Guan’s stance regarding cryptocurrency market regulation surfaced, Coinbase CEO Brian Armstrong directly responded to refute them. He clarified that reports suggesting Bai Guan might withdraw support for the cryptocurrency market structure bill are inaccurate. How does Armstrong evaluate Bai Guan’s actual attitude?

Not a Rumor, Ongoing Negotiations on Revenue Sharing with Banks

CEO Armstrong emphasized that Bai Guan maintains a “very constructive” stance in related policy discussions. He mentioned specific details about the current situation, indicating that Bai Guan is open to positively reviewing Coinbase’s proposed revenue sharing plan with banks. More notably, Armstrong explained that these negotiations are still actively ongoing.

The method of revenue sharing between cryptocurrency companies and financial institutions has become a key issue within the regulatory environment. This suggests that Bai Guan’s constructive position has facilitated these discussions.

Coinbase’s ‘Community Bank’-Centered Strategy

Armstrong didn’t just highlight negotiations with Bai Guan. He also revealed Coinbase’s current strategic direction. The company is working on practical support measures centered around the ‘Community Bank’ group, which is a focus of the cryptocurrency market structure bill. This can be seen as Coinbase’s strategic approach to coordinate regulatory agencies and industry interests.

Armstrong added that they plan to disclose more details about these negotiations and their progress in the future, implying that a constructive relationship with Bai Guan will continue. Industry insiders interpret this statement as a sign that cryptocurrency regulation discussions are moving toward mutual cooperation rather than mere conflict.