Former President Donald Trump met with Coinbase CEO Brian Armstrong and signaled support for digital asset market structure legislation, according to reports from multiple sources.

The meeting comes as the cryptocurrency industry continues to seek regulatory clarity from Washington. Trump's expressed support for crypto-friendly legislation represents a notable development in the ongoing policy discussions around digital assets.

Following news of Trump's position on the digital asset bill, Coinbase shares led cryptocurrency stocks higher in trading. The market response reflected investor optimism about potential regulatory developments that could benefit the crypto sector.

Trump also reportedly criticized traditional banks regarding their stance on stalled cryptocurrency legislation, though specific details of these comments were not immediately available. The former president's engagement with crypto industry leaders suggests continued political attention to digital asset policy.

The digital asset market structure bill has been a key priority for the cryptocurrency industry, which has long advocated for clearer regulatory frameworks. Industry leaders argue that comprehensive legislation would provide necessary guidance for businesses operating in the digital asset space.