White House Meets Banks and Crypto on Clarity Act
According to Reuters, executives from major trade groups will meet with the White House’s crypto council. The goal is to discuss a stalled bill that aims to set nationwide rules for digital assets. At the heart of the discussion is how the legislation, known as the Clarity Act, should treat interest and other rewards offered on customer holdings of dollar-pegged stablecoins.
This meeting signals that Washington is taking crypto seriously, and that the outcome could shape the U.S. crypto market for years to come.
The Push for Federal Rules
The Clarity Act represents years of lobbying by the crypto industry for legal certainty. Crypto companies have long argued that existing rules do not adequately address the…
