White House says banking groups attended stablecoin reward talks after community-bank exclusion claims

  • Patrick Witt said the ABA and ICBA attended every White House meeting on stablecoin rewards.
  • Individual member banks received a separate participation request but did not respond.
  • Senators Thom Tillis and Angela Alsobrooks continued discussions with banking groups and community banks.

The White House said the American Bankers Association and the Independent Community Bankers of America attended every meeting on stablecoin rewards, rejecting claims that community banks were excluded from the discussions. Patrick Witt, the White House's digital-asset adviser and executive director of the White House President's Council of Advisers for Digital Assets, said the administration separately asked whether individual member banks wanted to participate but received no response. His comments followed Jill Castilla, CEO of Citizens Bank of Edmond, who said she and other nearby community bank representatives had not been invited. After the White House meetings ended, Senators Thom Tillis and Angela Alsobrooks continued discussions with the two banking groups and several community banks as negotiations with the crypto industry continued over how broadly platforms should be allowed to offer stablecoin rewards.

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