White House To Host Crypto And Banking Leaders In Push To Break Regulatory Deadlock

The White House is set to bring together senior figures from the banking and crypto industries on Monday in an effort to break the deadlock over the crypto market structure bill, namely the CLARITY Act, according to a Reuters report. The planned meeting comes as progress on the bill has stalled amid growing tensions between the two sectors over how digital assets should be regulated. White House Crypto Council To Lead Talks People familiar with the matter said the meeting will be organized by the White House’s crypto council and will include executives from several industry trade groups. Related Reading: Bitcoin Price Braces For FOMC Volatility As History Shows Major Post‑Fed Sell‑Offs Discussions are expected to focus on one of the most contentious aspects of the legislation: whether and how crypto firms should be allowed to offer interest or other rewards on customer holdings of stablecoins source: https://www.newsbtc.com/breaking-news-ticker/white-house-to-host-crypto-and-banking-leaders-in-push-to-break-regulatory-deadlock/