Trump administration officials held a similar event last week to discuss stablecoin yield within a market structure bill under consideration in Congress.
White House News
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The second meeting between crypto and the banks at the White House over the crypto market structure bill has yet to come to an agreement on stablecoin provisions.
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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.
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SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continued over stablecoin yield in the CLARITY Act.
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The Trump administration is moving to break a deadlock over crypto market-structure legislation as lawmakers remain split over stablecoin interest rules.
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The Trump administration is celebrating the GENIUS Act and its pro‑crypto agenda, yet Tornado Cash and Samourai prosecutions fuel doubts that US developers are truly in the clear.
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The Nietzschean Penguin (PENGUIN) memecoin had a market capitalization of about $387,000 before the US White House published its post.
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In an interview from the WEF in Davos, David Sacks addressed disputes over stablecoin yield and the crypto market structure legislation that's stalled in the US Senate.
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The bill is still a "priority," White House Crypto Council Director Patrick Witt said, but interagency legalities remain a challenge.
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Coinbase withdrew support for the CLARITY Act, warning the draft would restrict DeFi, ban tokenized equities and eliminate stablecoin rewards.
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Selling the Bitcoin would have violated President Donald Trump’s Executive Order 14233, which mandates that any Bitcoin obtained through criminal or civil forfeiture “shall not be sold.”
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Democrat Maxine Waters demands an SEC oversight hearing after the agency dropped major cases against Coinbase, Binance, and other crypto firms.
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Fed policy shifts and crypto-friendly regulation point to a bullish 2026, but AI risk, ETF flows and consumer stress could test demand.
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Following Michael Selig's confirmation, White House official David Sacks said the SEC and CFTC were set to offer "clear regulatory guidelines" for digital assets.
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Crypto funds broke three weeks of net positive flows, after US investor sentiment took a hit following delays to the long-awaited CLARITY Act, set to reach the Senate in January 2026.
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