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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.
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.
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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.
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