Trump’s White House Has One View of Crypto Legislation. His Family’s Crypto Company Has Another
Decrypt
by Sander LutzFebruary 24, 2026
AI-Generated Deep Dive Summary
The Trump administration’s stance on crypto legislation has taken a surprising turn as President Trump’s family business, World Liberty Financial, supports Coinbase’s opposition to the crypto market structure bill. While top White House officials, including Treasury Secretary Scott Bessent, have criticized Coinbase CEO Brian Armstrong for pulling support from the bill and labeled him a “recalcitrant actor,” World Liberty Financial has publicly praised Armstrong’s approach. This alignment between the Trump family’s crypto firm and Coinbase centers on their shared interest in preserving stablecoin rewards, which are under threat by proposed legislation.
The conflict arises over evolving language in the market structure bill that could restrict or eliminate stablecoin rewards, a key feature of platforms like Coinbase and World Liberty Financial. Stablecoins, such as USDC and USD1, are integral to Web3 applications and provide users with yield opportunities—essentially interest payments on their holdings. Both companies have developed products that rely on these rewards, including World Liberty’s WLFI Markets app, which allows users to earn rewards on USD1 holdings, and Coinbase’s popular USDC-based yield program.
The bill’s stalled progress in Congress has sparked frustration among crypto advocates, with some questioning whether it will pass before the midterm elections. The recent about-face by Republican lawmakers, who pulled a key Senate vote following Coinbase’s withdrawal of support, underscores the political complexities of the issue. Meanwhile, World Liberty Financial and Coinbase continue to align their strategies, advocating for policies that protect user rewards and promote innovation in the crypto space.
This divide between the White House and Trump’s own business reflects broader tensions within the crypto industry over regulatory frameworks. The outcome of this legislative battle will have significant implications for the future of stablecoins, DeFi applications, and the broader Web3 ecosystem. As the debate intensifies, the alignment of World Liberty Financial and Coinbase highlights the importance of protecting user-centric financial tools in the evolving regulatory landscape.
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Originally published on Decrypt on 2/24/2026