White House to meet with crypto, banking executives to discuss market structure bill, Reuters reports

The White House is planning a meeting with executives from major cryptocurrency firms and traditional banks to address sticking points in the stalled digital asset market structure bill. The legislation faced delays due to resistance concerning proposed regulations for stablecoins, specifically provisions that could limit interest-bearing or reward-linked features tied to dollar-pegged tokens. Banks are opposing these stablecoin rewards, warning they risk deposit flight, while the crypto industry argues such features benefit end users. The meeting, convened by the White House's internal crypto policy council, aims to gather direct feedback from market participants to find a resolution, particularly regarding how stablecoin yield passed on to users should be treated under the law.

(Source：CoinDesk)