{"id":6292,"date":"2026-02-03T12:03:14","date_gmt":"2026-02-03T12:03:14","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6292"},"modified":"2026-02-03T12:03:14","modified_gmt":"2026-02-03T12:03:14","slug":"white-house-pushes-crypto-and-banks-toward-stablecoin-compromise","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6292","title":{"rendered":"White House Pushes Crypto and Banks Toward Stablecoin Compromise"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_e7f4ac7975d7a017caddbca9efd20269\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The White House set a deadline for crypto firms and banks to resolve their dispute over stablecoin yields, a prerequisite for advancing US market structure legislation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The main focus was basically stablecoins vs. bank deposits, as banking lobbyists argued that high-yield digital assets threaten traditional lending and financial stability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Political hurdles remain, including Democratic demands for anti-corruption rules targeting Trump-linked projects and full bipartisan staffing at the CFTC.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The White House has set a deadline for crypto firms and Wall Street banks to settle their fight over stablecoin yields, making a compromise on bill language a condition for moving US crypto market structure legislation forward in the Senate.<\/p>\n<p>At a two-hour meeting Monday in the Diplomatic Reception Room, crypto executives from firms including Coinbase, Circle, Ripple, Crypto.com and the Crypto Council for Innovation outnumbered banking lobbyists.<\/p>\n<p>The discussion, led by President Donald Trump\u2019s crypto adviser Patrick Witt, focused on whether stablecoins should be allowed to pay yield or rewards and how those products would fit alongside traditional deposits.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sincere thanks to the representatives from the crypto and banking industries who participated in today\u2019s meeting on stablecoin rewards and yield. The discussion was constructive, fact-based, and, most importantly, solutions-oriented. <\/p>\n<p>Over the course of the past few months, we\u2026<\/p>\n<p>\u2014 Patrick Witt (@patrickjwitt) <a href=\"https:\/\/twitter.com\/patrickjwitt\/status\/2018436938152223229?ref_src=twsrc%5Etfw\">February 2, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p><strong>Related: Visa, Mastercard Play Down Stablecoins for Payments as Consumer Demand Falls Short<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-advancing-negotiations\">Advancing Negotiations<\/h2>\n<p>Talks will now continue with a smaller drafting group asked to bring specific text changes back to the administration.\u00a0<\/p>\n<p>Bank representatives from trade bodies such as the American Bankers Association and the Financial Services Forum said they are prepared to keep negotiating but must ensure any deal protects deposit-funded lending and the stability of the banking system.<\/p>\n<p>Crypto industry advocates called the session a necessary step. Cody Carbone of the Digital Chamber said the meeting helped clear one of the main obstacles to further market structure progress.\u00a0<\/p>\n<div id=\"blockquote-block_b9175b5efe3ba452821cf6c24ae3269a\" class=\"blockquote-container variant-personal\">\n<div class=\"blockquote-text\">\n<p><em>We look forward to continuing this kind of work to ensure market structure rules of the road will become law (\u2026) Inaction is not an option, and we are committed to rolling up our sleeves and doing the hard work to ensure legislative progress does not punish innovators or consumers who see digital assets as a foundation for their financial future.<\/em><\/p>\n<\/div>\n<div class=\"blockquote-attribution\">\n        <img decoding=\"async\" class=\"author-image lazyload\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/02\/03153710\/Cody-Carbone-CEO-of-The-Digital-Chamber.jpg\"\/><img decoding=\"async\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/02\/03153710\/Cody-Carbone-CEO-of-The-Digital-Chamber.jpg\" class=\"author-image\" data-eio=\"l\"\/>        Cody Carbone, CEO of The Digital Chamber.    <\/div>\n<\/div>\n<p>The policy fight also involves the fact that Democrats are seeking anti-corruption measures targeting Trump-linked crypto ventures, a requirement that the Commodity Futures Trading Commission be fully staffed with commissioners from both parties, and tougher safeguards against money laundering and sanctions evasion.<\/p>\n<p>The meeting took place during a partial federal government shutdown, triggered by Congress\u2019 failure to pass a funding bill. In any case, the administration is backing a plan to reopen the government while leaving Department of Homeland Security appropriations for separate debate.\u00a0<\/p>\n<p>Notably, Trump has urged lawmakers to approve the funding measure without amendments, as the delay narrows the window for the crypto legislation to reach a full Senate vote this year.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Banks,Cryptocurrency,Stablecoins#White #House #Pushes #Crypto #Banks #Stablecoin #Compromise1770120194<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The White House set a deadline for crypto firms and banks to resolve their dispute over stablecoin yields, a prerequisite for advancing US market structure legislation. The main focus was basically stablecoins vs. bank deposits, as banking lobbyists argued that high-yield digital assets threaten traditional lending and financial stability. Political hurdles remain, including Democratic demands<\/p>\n","protected":false},"author":1,"featured_media":6293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[47,2140,62,1464,1329,166,1463],"class_list":{"0":"post-6292","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-banks","9":"tag-compromise","10":"tag-crypto","11":"tag-house","12":"tag-pushes","13":"tag-stablecoin","14":"tag-white"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>White House Pushes Crypto and Banks Toward Stablecoin Compromise - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6292\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"White House Pushes Crypto and Banks Toward Stablecoin Compromise\" \/>\n<meta property=\"og:description\" content=\"The White House set a deadline for crypto firms and banks to resolve their dispute over stablecoin yields, a prerequisite for advancing US market structure legislation. 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