White House to meet with crypto, banking executives to discuss market structure bill
The White House will meet with representatives from crypto companies and traditional banks in the coming days to work on stablecoin yield concerns in the crypto market structure bill, individuals familiar with the matter told CoinDesk.
The legislation, which was delayed earlier this month, has hit resistance over how it proposes regulating stablecoin rewards — particularly provisions that could limit interest-bearing or reward-linked features tied to the dollar-pegged tokens. Banks have opposed letting stablecoin issuers or their exchange partners offer rewards, warning it risks deposit flight. The crypto industry has said offering these rewards will benefit end users.
Reuters first reported that the meeting is set to happen in a…
