White House meeting fails to resolve US crypto legislation stalemate
By Hannah Lang
Feb 3 (Reuters) – A White House meeting aimed at breaking a months‑long stalemate between major U.S. banks and cryptocurrency firms ended Monday without any agreement, underscoring industry divisions that continue to threaten progress on landmark digital‑asset legislation.
The closed‑door session, convened by the White House’s crypto council, brought together representatives from the crypto industry and the banking industry in an effort to reach an agreement on stalled crypto market structure legislation. Both sides emerged from the meeting describing it as constructive, but fundamental disagreements that upended the bill’s progress remained unresolved.
Representatives from trade groups…
