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White House (U.S. executive office) to Host Banks and Crypto Firms—Seeking Market Structure Compromise

According to the post, the White House (U.S. executive office) will convene banks and the cryptocurrency industry to explore compromise on a market structure bill (digital asset oversight legislation) aimed at bridging policy differences.

Summary

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Terms & Concepts
  • Market structure bill: Proposed law defining oversight, roles, and rules for digital asset trading venues and intermediaries.
  • Crypto industry: Companies providing cryptocurrency trading, custody, payments, and infrastructure services.
  • Digital asset: Tokenized representation of value recorded on a blockchain (distributed ledger).