White House officials met with crypto and banking leaders on the Senate crypto market structure bill, facing unresolved disputes over stablecoin yield terms ahead of committee review.
The White House engaged cryptocurrency industry and Wall Street bank representatives in discussions on the Senate crypto market structure bill, but no agreement was reached on stablecoin yield provisions. Chaired by Trump advisor Patrick Witt, the meeting underscored urgency for technical progress within the month to prepare for Senate Banking Committee consideration. Disagreements center on the terms governing stablecoin yields, with stakeholders from both sectors seeking resolution.