PANews reported on February 20th that, according to CoinDesk, the White House expressed support for partial stablecoin rewards programs during talks with the bankingPANews reported on February 20th that, according to CoinDesk, the White House expressed support for partial stablecoin rewards programs during talks with the banking

White House: Supports some stablecoin rewards programs and urges banks to accelerate the implementation of market structure legislation.

2026/02/20 08:33
1 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on February 20th that, according to CoinDesk, the White House expressed support for partial stablecoin rewards programs during talks with the banking and crypto industries and urged banks to reach an agreement on market structure legislation. Sources familiar with the matter revealed that if the banking industry agrees, restricted stablecoin rewards will be included in the next draft of the U.S. Senate's Digital Asset Market Clarity Act.

At Thursday's meeting, the White House team, led by Trump's crypto advisor Patrick Witt, made it clear that reward programs for certain activities would remain in the bill, except for stablecoin holding rewards similar to deposit accounts. Summer Mersinger, CEO of the Blockchain Association, stated that the meeting was a constructive step forward in addressing rewards-related issues and maintaining the legislative process for market structure. Currently, the bill still needs to address Democratic demands for stronger regulation of the DeFi sector, prohibiting senior government officials from direct involvement in the crypto industry, and filling vacancies on the CFTC and SEC boards.

Market Opportunity
Whiterock Logo
Whiterock Price(WHITE)
$0.00013765
$0.00013765$0.00013765
-8.40%
USD
Whiterock (WHITE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Signals Imminent Breakout — Is A 10% Rally Coming?

XRP Signals Imminent Breakout — Is A 10% Rally Coming?

The post XRP Signals Imminent Breakout — Is A 10% Rally Coming? appeared on BitcoinEthereumNews.com. Buyers have been quietly stepping in at lower prices every
Share
BitcoinEthereumNews2026/04/26 07:01
Trump urges journalist to leave Pakistan as Iran peace talks stall

Trump urges journalist to leave Pakistan as Iran peace talks stall

The post Trump urges journalist to leave Pakistan as Iran peace talks stall appeared on BitcoinEthereumNews.com. Trump’s call for a Washington Post journalist to
Share
BitcoinEthereumNews2026/04/26 06:50
Live Nation CEO says demand is unmistakable, concert tickets are underpriced

Live Nation CEO says demand is unmistakable, concert tickets are underpriced

The post Live Nation CEO says demand is unmistakable, concert tickets are underpriced appeared on BitcoinEthereumNews.com. Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week live events are more central than ever to culture and commerce in a post-pandemic world. The executives spoke at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, saying the demand for in-person events has been unmistakable. “No matter what you bring to that table that day, you unite around that one shared experience,” Rapino said. “For those two hours, I tend to drop whatever baggage I have and have a shared moment.” According to Goldman Sachs, the live music industry is expected to grow at a 7.2% compounded annual rate through 2030, fueled by millennials and Gen Z. Smith bought the Utah Jazz in 2020 and launched a new NHL franchise in the state in 2024. “In sports, we’re really media companies,” Smith said. “We’ve got talent, we’ve got distribution. We’re putting on a show or a wedding or something every night.” Get the CNBC Sport newsletter directly to your inbox The CNBC Sport newsletter with Alex Sherman brings you the biggest news and exclusive interviews from the worlds of sports business and media, delivered weekly to your inbox. Subscribe here to get access today. Rapino also emphasized how the economics of music have shifted. With streaming revenue dwarfed by touring income, live shows have become one of artists’ primary sources of revenue. “The artist is going to make 98% of their money from the show,” he said. “We just did Beyonce’s tour. She’s got 62 transport trucks outside. That’s a Super Bowl she’s putting on every night.” Despite headlines about rising ticket prices, Rapino argued that concerts are still underpriced compared to sporting events. “In sports, I joke it’s like a badge of honor to spend 70 grand for Knicks courtside,” Rapino said.…
Share
BitcoinEthereumNews2025/09/18 01:41

Roll the Dice & Win Up to 1 BTC

Roll the Dice & Win Up to 1 BTCRoll the Dice & Win Up to 1 BTC

Invite friends & share 500,000 USDT!