Crypto and banks fail to agree on CLARITY law

An important meeting took place at the White House between the crypto industry and banking lobby about the CLARITY law, they failed to reach an agreement.

Both sides called the talks “productive,” but the main conflict remains: banks still want a full ban on interest for stablecoins. Crypto companies, on the other hand, want a very broad list of allowed activities that include rewards.

There was a small step forward, the draft law added an exceptions clause for the first time, but it was not enough.

The White House set a deadline of March 1. If no deal is reached, the process may drag on and regulation could stall.