As he said if the white house may pull support for the crypto market structure bill then Coinbase will not return to negotiations.

Armstrong said the White House has been “super constructive” and confirmed the administration asked Coinbase to explore a potential deal with banks, which he said is now underway.

Eleanor terrier tweeted this 

The White House is considering pulling its support for the crypto market structure bill entirely if @coinbase does not come back to the table with a yield agreement that satisfies the banks and gets everyone to a deal, a source close to the Trump administration tells me. 

The White House is said to be furious with Coinbase’s “unilateral” action on Wednesday, which it apparently was not notified of in advance, calling it a “rug pull” against the White House and the rest of the industry. The White House does not believe that one company speaks for the entire industry, the source continued. 

“This is President Trump’s bill at the end of the day, not Brian Armstrong’s,” the source said.

And Brian Armstrong replied, " In general, I love your posts, but this is not accurate. The White House has been super constructive here.

They did ask us to see if we can go figure out a deal with the banks, which we're currently working on.

Actually, we've been cooking up some good ideas on how we can help the community banks specifically in this bill, since that's what this is about.....the community banks, right? More is coming soon.