Sources familiar with the talks on stablecoin yields say the White House urged bankers to get on board with a deal that lets the market structure bill advance.
In the latest of a series of meetings hosted at the White House, bankers and crypto policy experts met to break down the wall halting the market structure bill.
After the bankers shared a document at the White House demanding a total ban on stablecoin yield, the crypto side answers that it needs some stablecoin rewards.
Patrick Witt, the president's digital assets adviser, told CoinDesk that anti-corruption provisions targeting Trump would not be acceptable.
Industry insiders met with David Sacks and others in President Donald Trump's administration to try to hash out the impasse over the Senate's crypto bill.
Washington is trying again to clear a path for federal crypto rules. Talks that had stalled are being pulled back into the open as lawmakers and industry players head to a White House meeting. The plan, based on reports, brings bank executives and crypto company leaders to the same table with officials from the administration of US President Donald Trump. Related Reading: Gold, Silver Steal The Spotlight As Crypto Hype Fades On Social Media: Santiment White House Steps In Reports say the meeting is scheduled on Monday, and is meant to smooth over clashes that have held up a draft known as the CLARITY Act. About 10 bank and crypto leaders are expected to attend. Conversations have been quiet for weeks, but bringing them into a formal room raises the chance of a fresh compromise. What happens there may not be made public right away, and details could still change. Banks Have Real Concerns Lenders want limits written into law to stop certain token features from acting like bank deposits. They argue that reward-style payments on stablecoins could siphon money from traditional accounts. That worry has pushed them to demand clear language that keeps customer deposits in the conventional system. Strong guardrails are being sought so balance sheets and consumer protections do not get muddled. Crypto Firms Push Back Crypto companies say those same rules would clip useful features and slow innovation. They point out that users expect to earn yields in some crypto services and that strict limits would change how people use digital assets. Several firms stepped away from the current bill draft after saying it would harm parts of the market. That pullback helped stall the process and forced negotiators to rethink priorities. Markets Signal Mixed Views Bitcoin has reacted to the back-and-forth. Prices moved up on some headlines and fell on others. Traders are watching for clear rules; many feel long-term clarity would help markets. Short-term moves, though, have been choppy as investors digest each new report. The mood is cautious, and that caution has been visible in trading volumes and in how quickly prices bounce. Political Timing Matters The Senate calendar is tight. Lawmakers who support the bill want something to show before deadlines and committee work closes. That pressure could spur faster drafting if both sides give some ground. But politics will shape what language survives. Some aides say compromise is still possible, while others expect more delay. Related Reading: Record Pain: Bitcoin Investors Suffer $4.5B Loss, Most In 3 Years A Narrow Window For Action If those at the meeting signal flexibility, a revised draft could go back to committee in the weeks ahead. If no common ground appears, the CLARITY effort may be parked again. Either outcome will leave the industry watching how regulators handle stablecoins, custody, and who has oversight between agencies. Featured image from Pexels, chart from TradingView
White House crypto advisor Patrick Witt said stablecoins are the “gateway drug” for global finance and that Washington is racing to deliver regulatory clarity.
The White House AI and Crypto Czar was one of the first, and most prominent, Silicon Valley representatives to be named to a major role in Trump’s new administration.
The White House AI and Crypto Czar was one of the first, and most prominent, Silicon Valley representatives to be named to a major role in Trump’s new administration.
Democratic staff on the House Judiciary Committee gathered data on President Donald Trump's crypto businesses that reportedly gained his family massive wealth.
Despite her social-media suggestions that President Donald Trump let the rapper out earlier from her Bitfinex hack sentence, an official said that's not the case.
Donald Trump's demolition of the White House's East Wing for a new ballroom was partly backed by high-profile crypto folks who aren't keen on talking about it.
President Donald Trump's administration is reportedly poised to name a nominee to swap in for the earlier pick of former Commissioner Brian Quintenz.
Senator Elizabeth Warren and others say they're probing whether Sacks has improperly outstayed his "special government employee" status.
The White House's crypto group will apparently be led again by an ex-college football star-turned-politician, though this one has some deeper DC roots.
The order aims to stop "debanking", the practice of denying financial services for ideological reasons.
Two of President Donald Trump's leading officials on crypto, Bo Hines and Treasury's Tyler Williams, gave CoinDesk an inside take on their new report.
The report on the government's crypto plans doesn't offer a ton of surprises, mostly echoing familiar policy work, and it's got nothing new on the crypto stockpiles.
The Senate and House are sending mixed messages on the most important crypto legislation awaited by the industry, with a new Senate deadline set.
"Extraordinary things" could happen for the United States and El Salvador as a result of the meeting, said Salvadoran Bitcoin Office Director Stacy Herbert.
The firm, located near the White House, plans to lobby for companies in these industries.
Gala Games' Easter event at the White House hints at a potential fresh chapter for GameFi, which has shown signs of life in the last few days.
He advocated for a strategic bitcoin reserve, arguing it could generate substantial wealth and help reduce national debt.
After ordering a bitcoin reserve, the president ushered crypto CEOs into the White House today to tell them their era of U.S. government resistance to crypto is over.
An official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.
The approach to the newly announced bitcoin reserve grants that BTC deserves special treatment among digital assets, a White House official said.
US President Donald Trump is reportedly preparing to unveil the Bitcoin Reserve Strategy at the upcoming White House Crypto Summit on March 7, according to The Pavlovic Report. According to the report, Commerce Secretary Howard Lutnick confirmed that President Trump will outline his vision for the crypto industry during the event. His address will include […]
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U.S. President Donald Trump is slated to host the summit.
As the U.S. Senate began its process to consider a resolution to erase the recent IRS rule that targets DeFi, the White House cheered it on.
The White House has announced that it will hold the first Crypto Summit on Friday, March 7, for prominent founders, CEOs, and investors from the crypto industry, along with members from the President’s Working Group on Digital Assets. At a time when market sentiment, as measured by the Crypto Fear and Greed Index, reaches its […]
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