In brief
- U.S. officials met Thursday with banks and crypto industry groups to discuss how stablecoin rewards could be treated under pending market-structure legislation.
- The talks focused on whether incentives can be structured without classifying stablecoin issuers as deposit-taking institutions.
- Stablecoin rewards have emerged as a central obstacle to moving forward with the CLARITY Act.
U.S. officials, banking representatives, and crypto industry groups met again at the White House on Thursday to discuss the treatment of stablecoin rewards under proposed digital-asset market-structure legislation, as negotiations continue over an issue that has become a major sticking point for advancing the bill.
The meeting brought together…
