WSJ: Coinbase CEO faced chilly reception from top bankers at Davos

Coinbase CEO Brian Armstrong received a cold reception from U.S. bank executives at the Davos Forum, The Wall Street Journal reported. According to the report, Armstrong discussed the crypto market structure bill with several Wall Street figures. During these conversations, JPMorgan CEO Jamie Dimon told him he was talking complete nonsense, while Bank of America CEO Brian Moynihan said that if Coinbase wants to be a bank, it should just become one. Wells Fargo CEO Charlie Scharf reportedly refused to engage, stating there was nothing to discuss, and Citigroup CEO Jane Fraser spoke with Armstrong for only about one minute. The media outlet explained that this chilly atmosphere emerged shortly after Armstrong took a hardline stance on the legislation, with Coinbase having previously withdrawn its support for the bill.