The US government (White House + lawmakers) is trying to make clear new rules for crypto — it's called the
CLARITY Act.
This law will decide many things, like:
Which government office watches what parts of crypto (less confusion, no more "wild west").
How stablecoins (like USDC or USDT — digital dollars that stay ~$1) should work.
The biggest fight right now is about "yield" or "rewards" on stablecoins:
.Crypto companies (like Coinbase, Circle, Ripple) want to give people a little extra money (like 4-5% interest/rewards) if they hold stablecoins on their apps/platforms.
.→ They say: "This is good! It helps people earn something on their digital cash + brings more innovation."
.Traditional banks say: "No way!"
.→ They think if stablecoins pay good interest, people will move money OUT of normal bank accounts → banks get less money to lend → it hurts regular people getting loans, small businesses, etc.
.→ Banks are scared they could lose a LOT of deposits.
So there was a special meeting at the White House on Feb 2, 2026 with big crypto bosses + big bank groups.
They talked for hours to try and find a middle way (compromise) so the law can finally pass.
.No full deal yet... but everyone says talks were "positive" and they're pushing hard to fix this by end of February.
.The government really wants this law done soon because other countries (Europe, Asia) already have clearer crypto rules — USA doesn't want to fall behind.
Bottom line in super simple words:
Crypto world vs Banks are arguing over whether your stablecoins should earn you a little extra cash or not.
White House called a meeting to help them agree.
If they fix it → big step for real crypto rules in USA → good for Bitcoin, altcoins, adoption, prices long-term.
If not → more delay and uncertainty.
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