NewsBTC
Jan 28, 2026
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BEARISH 📉 : White House hosts talks amid crypto regulation deadlock with banks

The White House will convene a meeting with senior banking and crypto industry figures to address the stalled progress of the CLARITY Act, aimed at structuring the crypto market. This bill seeks to regulate digital assets comprehensively.

Key Discussion Points

  • Organized by the White House’s crypto council, involving executives from industry trade groups.
  • Focus on whether crypto firms should offer interest or rewards on stablecoin holdings.

Legislative Background

  • The CLARITY Act follows the GENIUS Act passed last July.
  • The House of Representatives approved its version in July; Senate progress has been slower.

Contentious Issues

  • Cryptocurrency exchange Coinbase withdrew support, criticizing elements like stablecoin rewards.
  • Crypto firms argue rewards are crucial for customer attraction and retention.
  • Banks express concerns that yielding stablecoins could divert deposits from insured lenders, risking financial stability.

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