The Securities and Exchange Commission has proposed an interpretive framework for applying federal securities laws to digital assets that would carry more weight than staff-level guidance.
White House News
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US President Donald Trump says AI data centers “need some PR help,” promising that tech giants will pay for their own power to run the energy-intensive projects.
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The meeting reportedly happened before President Donald Trump posted to his social media platform, echoing some of Brian Armstrong's statements about stablecoin yield.
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The Blockchain Association urged Congress to exempt low-dollar crypto transactions and tax mining and staking rewards upon sale.
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White House crypto adviser Patrick Witt reportedly refocused crypto and bank lobby talks on a crypto bill to allow stablecoin rewards tied to transaction activity.
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Trump administration officials held a similar event last week to discuss stablecoin yield within a market structure bill under consideration in Congress.
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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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