The White House will host crypto firms and banks on February 10 to continue talks on stablecoin rules and advance the crypto market bill.
The White House has set February 10 for renewed talks between crypto firms and banks.
The meeting comes as lawmakers push to move a stalled crypto market bill forward. Officials aim to narrow differences on stablecoin rules and market structure.
White House Brings Crypto Firms and Banks Back to the Table
The White House will host representatives from crypto companies, banks, and trade groups on Tuesday.
The meeting is expected to continue discussions around the proposed crypto market bill. Staff-level officials will again lead the talks.
According to reporting by Eleanor Terrett, this session follows a closed-door meeting held earlier in the week.
That earlier discussion included voices from both industries. Participants described the meeting as constructive, but unresolved issues remained.
The White House crypto council has continued to push for faster progress. Officials are seeking clearer digital asset rules under the Trump administration.
The February 10 meeting is viewed as part of a broader effort to move negotiations forward.
Stablecoin Rules Remain the Core Point of Dispute
The main disagreement centers on rewards paid on stablecoins. Banking groups are calling for limits on interest and similar incentives.
They argue these features could move deposits away from traditional banks and weaken their funding base.
Banking associations say deposits are essential for lending and liquidity. They warn that stablecoin rewards could disrupt this balance.
As a result, banks are pushing for stricter language in the bill.
Crypto firms oppose these restrictions. They say rewards attract users and support competition.
Industry groups argue that limiting incentives would favor traditional finance and slow progress on the bill.
Related Reading: Crypto, Banks, and the White House Clash Over Stablecoin Rewards
Legislative Delays Continue as Market Pressure Builds
The crypto market bill has faced delays in Congress. The Senate Banking Committee postponed a scheduled vote last month.
Lawmakers cited unresolved objections and concerns about broader support.
Industry leaders have proposed revisions to the CLARITY Act. These proposals aim to bridge differences between banks and crypto firms.
Banking representatives have not accepted the proposed changes so far.
The talks come amid weak market conditions. Bitcoin recently dropped near $60,000, triggering broader declines.
Lawmakers and officials remain focused on reaching a compromise to move the bill forward.
Source: https://www.livebitcoinnews.com/white-house-schedules-tuesday-stablecoin-talks-as-banks-enter-the-room/
