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The White House is hosting a high-stakes meeting on February 2-4, 2026, involving senior executives from Ripple, Coinbase, and major banking trade associations. The primary goal of these sessions is to resolve a critical legislative deadlock over the CLARITY Act, specifically concerning whether stablecoin issuers should be allowed to pay interest or "yield" to holders—a move strongly opposed by traditional banks.
Key Details of the Meeting
Participants: Senior policy heads from Ripple, Coinbase, Kraken, and trade groups like the Blockchain Association and Digital Chamber. Traditional banking interests are represented by the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA).Objective: To broker a compromise on the treatment of stablecoin rewards. Banks argue these rewards could lead to "deposit flight" from traditional institutions, while crypto firms view them as essential for market competitiveness.Timeline: While meetings began on February 2, the White House has directed industries to reach a technical compromise by the end of February 2026 to advance the market structure bill through the Senate Banking Committee.
Market Impact and Insights
Despite the regulatory discussions, XRP is currently facing a period of horizontal consolidation following a sharp decline in late January. As of February 3, 2026, the asset is trading around $1.61, testing critical support levels as the market awaits legislative clarity. Analysts suggest that a successful compromise on the CLARITY Act could act as a significant catalyst, potentially pushing prices back toward the $2.00 mark in the coming months.
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Disclaimers:Info and knowledge sharing.Not a financial advice.
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