Eleanor Terrett X, a US cryptocurrency journalist and host of the Crypto in America program, shared on her social media account that White House officials will be meeting with cryptocurrency and banking executives to discuss the issue of stablecoins.
Accordingly, the White House is preparing to hold a meeting to discuss and clarify key points of contention in the cryptocurrency market structure bill known as the “Clarity Act.”
At this point, the White House will hold a meeting today at 6:00 PM UTC with banking and cryptocurrency industry executives to discuss the CLARITY cryptocurrency bill currently under consideration in the Senate.
The meeting is expected to focus on the core issue of whether or not to allow interest and reward payments on stablecoin assets.
The meeting is expected to be attended by officials from Coinbase, Ripple, and Kraken, as well as representatives from numerous organizations including the Blockchain Union, the Digital Chamber, and the Crypto Innovation Council.
However, participation from the banking sector will be low. According to Terrett’s post, the American Bankers Association will be at the table on behalf of the banks. Therefore, banking giants like JPMorgan and Goldman Sachs will not be able to attend the meeting.
*This is not investment advice.
