Coinbase refutes rumors of White House's threat to pull support for crypto bill

Coinbase's CEO, Brian Armstrong, denied rumors regarding a threat from the White House to withdraw support for a cryptocurrency bill. He emphasized that the White House has been very constructive in the matter, which could be positive news for the cryptocurrency market. Armstrong's statement may boost investor confidence regarding future regulatory stances on cryptocurrencies. In terms of market reaction, this positive messaging from Coinbase's leadership could potentially enhance cryptocurrency performance. However, the cryptocurrency market remains highly volatile and sensitive to political developments, necessitating caution. The article does not provide specific price levels for support or resistance, thus traders should continue to monitor future developments closely.