The White House is stepping in to push for comprehensive crypto regulation, which has stalled due to disagreements between the banking and cryptocurrency sectors.
According to three sources familiar with the matter, the White House will meet with senior executives from banks and crypto companies on Monday to seek common ground on the legislation.
The meeting, hosted by the White House’s crypto council, will also be attended by executives from various trade associations representing both sectors. The focus of the discussions will be on how the draft legislation addresses interest and similar returns that could be offered to customers through dollar-pegged crypto assets known as stablecoins.
The meeting is said to pave the way for a compromise between banks and crypto companies and demonstrate the Donald Trump administration’s commitment to implementing this critical regulation. Sources note that the administration is keen to bring the law to the “finishing line.”
*This is not investment advice.
