White House meeting could unfreeze the crypto CLARITY Act this week, but crypto rewards likely to be the price
A high-stakes meeting between the White House and banking giants may trade stablecoin yield for federal regulation.
White House stablecoin meeting could unfreeze the CLARITY Act, but your USDC rewards may be the price
The newly confirmed Feb. 10 White House meeting on stablecoin policy is being framed by some market observers as a step toward breaking the logjam around the CLARITY Act, a broad crypto market-structure bill that has already run into procedural hurdles in the Senate.
In a post on X, Milk Road said the White House convening could help move H.R. 3633 forward after disputes over whether stablecoin holders should receive interest-like returns.
The Senate Banking Committee’s planned Jan. 15 executive session to consider H.R. 3633 was publicly listed as “POSTPONED,” leaving the bill without a current markup date on the committee calendar.
The committee had previously announced it would hold a markup that day on comprehensive digital asset market structure legislation. The announcement created an explicit before-and-after moment for the industry’s near-term legislative timeline.
As that markup slipped, a White House-led stakeholder meeting on Feb. 2 ended without agreement on stablecoin yield or rewards, with participants planning to continue talks.
Expectations are now set for another incremental round rather than a single definitive negotiation. For additional context on how the dispute is being framed in crypto media, see CryptoSlate’s coverage of the White House deposit-flight/yield standoff.#BinanceBitcoinSAFUFund #BTCMiningDifficultyDrop #USIranStandoff #WhaleDeRiskETH #WarshFedPolicyOutlook
