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White House Talks Stall Despite ‘Productive’ Stablecoin Meeting

Key Takeaways

  • White House talks on stablecoin rules showed progress but ended without a final deal between banks and crypto firms;
  • Stablecoin rewards created the main divide as banks pushed broad limits while crypto groups resisted strict restrictions;
  • Both meetings showed continued bipartisan interest, yet key details of the market structure bill still remained unsettled.

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White House Talks Stall Despite ‘Productive’ Stablecoin Meeting

Talks at the White House about new rules for stablecoins moved forward but did not lead to a final agreement.

The discussion brought representatives from banks and crypto firms as part of an effort to shape a market structure bill.

Ripple’s legal chief, Stuart Alderoty, shared his view on X after the meeting. He wrote that the session felt “productive” and that there was room for compromise.

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He also said lawmakers from both parties still showed interest, and that it may be important to act while the opportunity remains.

This meeting was the second in a short period. The first took place on February 2 and was described as “constructive” and based on clear facts by Patrick Witt, a White House adviser focused on digital assets.

Dan Spuller from the Blockchain Association also commented on the most recent session. He said it was smaller and aimed at solving specific issues. According to him, stablecoin “rewards” drew most of the attention.

He noted that banks did not rely on the bill’s text and instead imposed broad restrictions, which he called a major point of disagreement.

A document distributed by banking groups outlined the principles they wanted in the Senate’s bill. The list focused on blocking any form of yield or interest tied to stablecoins.

Recently, Senator ​Cynthia Lummis urged banks to treat stablecoins as a new business line and not a threat to their role in the financial system. Why? 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.

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