White House officials met with crypto, banking reps to discuss stablecoins
The meeting came more than two weeks after the Senate Banking Committee postponed a markup on the CLARITY Act, with stablecoin yield among several unresolved issues.
Officials in US President Donald Trump’s administration met with representatives from the cryptocurrency and banking industry to discuss how to address stablecoin yield in the market structure bill under consideration in the Senate.
In a Monday X post, The Digital Chamber, a crypto advocacy organization, said its CEO, Cody Carbone, and others had met at the White House to discuss provisions within the Digital Asset Market Clarity (CLARITY) Act, for which a markup was postponed by the Senate Banking Committee in January. Among the issues lawmakers are expected to address before returning to markup were tokenized equities, decentralized finance, ethics for elected officials investing in crypto, and stablecoin rewards.
“Today’s meeting at the White House was exactly the kind of progress needed to find a resolution to one of the biggest issues blocking next steps in market structure legislative progress,” said Carbone, adding:
