🚨🇺🇸 WHITE HOUSE CRYPTO SHOWDOWN: PROGRESS… BUT NO DEAL YET
The battle over U.S. digital asset legislation just escalated.
A high-stakes meeting at the White House brought together crypto leaders, bankers, and policymakers. The tone? Constructive.
The result? Still no compromise.
According to Ji Kim, CEO of the Crypto Council for Innovation, discussions are building toward a framework that protects consumers and strengthens U.S. competitiveness.
Paul Grewal of Coinbase called the dialogue “constructive” and said more progress was made.
But here’s the real tension 👇
🏦 Banks vs. Crypto — Round 3
The sticking point isn’t market structure itself.
It’s stablecoin yield.
Under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), crypto firms were allowed to offer rewards on stablecoins.
Banks argue this threatens their deposit business.
They want the Digital Asset Market Clarity Act to effectively reverse that.
Crypto firms say yield is core to innovation.
Banks demand a total ban.
⚖️ No compromise yet.
💬 White House officials reportedly kept participants in the room well past schedule — even collecting phones — pushing hard for common ground.
And even if an agreement emerges?
It still needs Senate approval — including Democrats who are demanding:
🔹 Stricter illicit finance controls (especially in DeFi)
🔹 Filled vacancies at the SEC & CFTC
🔹 Conflict-of-interest safeguards for government officials
So what’s at stake?
📈 If clarity passes → massive institutional inflows
🌎 If it stalls → regulatory uncertainty continues
💰 Stablecoin yield could define the next phase of U.S. crypto dominance
This isn’t just about rewards.
It’s about who controls the future of digital dollars.
More meetings are coming.
The clock is ticking. ⏳🔥
#WhenWillCLARITYActPass #CryptoRegulation $SEI $INJ $ONDO