PANews reported on January 18 that crypto journalist Eleanor Terrett responded to Coinbase CEO Brian Armstrong's denial, insisting that her reporting was rigorous and accurate. "You just cited a core point from my report, namely that the White House is demanding an agreement with Coinbase on yield. My report is that White House support now seems to depend on the final outcome of that agreement."

Previously , Coinbase CEO Brian Armstrong denied reports that the Trump administration was considering withdrawing its support for a cryptocurrency market structure bill.