Crypto market structure legislation remains stalled after a closed-door meeting at the White House failed to resolve differences over the payment of interest and other rewards on stablecoins, Reuters reported Tuesday (Feb. 3).
Held Monday (Feb. 2) and hosted by the White House’s crypto council, the meeting brought together representatives of the banking and crypto industries, according to the report.
Participants included the American Bankers Association (ABA), the Independent Community Bankers of America (ICBA), the Blockchain Association and The Digital Chamber, per the report.
The meeting was intended to reach a compromise between the two industries, according to the report. However, while both sides said the summit was…
