🔥 BitDegree partnered with Ogvio - a free international money transfer service! Sign up now & grab Rewards! 🎁

White House Talks Stablecoins in New Push for Crypto Regulation

Key Takeaways

  • White House officials met with crypto and banking groups to discuss stablecoin yields and the CLARITY Act;
  • The discussion aimed to fix policy gaps that slowed the Senate’s work on the market-structure bill;
  • Both government and industry representatives saw the talks as useful progress toward clear digital asset rules.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

White House Talks Stablecoins in New Push for Crypto Regulation

Officials from US President Donald Trump’s administration recently met with representatives from the banking and cryptocurrency industries to discuss stablecoins and related regulations.

The discussion focused on how stablecoin yields could fit into a new market-structure bill being reviewed in the Senate.

The Digital Chamber, a crypto advocacy group, shared details of the meeting on X. Its CEO, Cody Carbone, joined others at the White House to go over parts of the Digital Asset Market Clarity (CLARITY) Act.

What Are Oracles in Crypto? (Beginner Friendly Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The Senate Banking Committee had delayed its review of this bill in January. Lawmakers still need to agree on issues such as tokenized equities, decentralized finance, stablecoin rewards, and how elected officials should handle crypto investments.

Carbone described the meeting as a meaningful step forward. He said, "Today's meeting at the White House was exactly the kind of progress needed to find a resolution to one of the biggest issues blocking next steps in market structure legislative progress".

Patrick Witt, who advises the White House on digital assets, said the meeting was “constructive, fact-based” and focused on finding solutions.

Other participants included members of the Crypto Council for Innovation, the American Bankers Association, and the Blockchain Association.

A group of prosecutors from New York recently voiced concerns about the US federal stablecoin proposal known as the GENIUS Act. What did they say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

ZERO FEES

For Ogvio Money Transfers
Rating
5.0