"The White House will convene executives from the banking and crypto sectors on Monday, February 2 to discuss a path forward for stalled U.S. crypto legislation, according to Reuters reporting. Hosted by the administration's crypto council, the summit is expected to include leaders from major trade associations and focus on contentious provisions - particularly how proposed law would treat interest and other rewards that crypto firms pay on customer holdings of dollar-pegged stablecoins."
"U.S. federal crypto policy has been at a standstill following months of legislative activity that raised expectations for comprehensive regulation. The House passed a major market-structure bill - the CLARITY Act - in July 2025, sending it to the Senate with hopes of establishing clear rules for digital assets and defining regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission."
White House will convene executives from banking and crypto sectors on February 2 to pursue a path forward for stalled U.S. crypto legislation. The summit, hosted by the administration's crypto council, will include leaders from major trade associations and target contentious provisions, especially how proposed law would treat interest and other rewards paid on customer holdings of dollar-pegged stablecoins. The meeting reflects the Trump administration's eagerness to broker a compromise and advance legislation after negotiations floundered amid competing priorities and industry pushback. The House passed the CLARITY Act in July 2025, but Senate progress collapsed when the Senate Banking Committee postponed markup after key industry voices withdrew support.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]