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- White House meeting targets stablecoin yield rules in CLARITY Act.
- Crypto firms and banks remain split over interest-style rewards.
- Administration signals confidence a compromise is coming.
The White House will convene senior executives from the crypto and banking sectors on Monday in a fresh attempt to break the stalemate surrounding the CLARITY Act, a major piece of U.S. crypto market structure legislation. The focus of the talks: whether and how stablecoin issuers should be allowed to offer yield or interest-like rewards to customers.
The meeting, first reported by Reuters, signals renewed urgency from the Trump administration to move the bill forward after months of friction between traditional financial institutions and digital asset firms.
White House Steps In as Industry Divide Deepens
Representatives from Coinbase, Ripple, Kraken, and the Blockchain Association are expected to attend, alongside members of the American Bankers Association and other banking groups. The session will be hosted by the White House’s crypto council and will center on how the CLARITY Act treats interest, rewards, and other incentives tied to stablecoin holdings.
Banks have warned that allowing stablecoin issuers to provide yield could blur the line between bank deposits and digital assets, potentially undermining existing regulatory frameworks. Crypto companies counter that yield-bearing stablecoins are a core innovation that can expand access to financial services and enhance consumer choice.
That disagreement has become one of the main obstacles preventing the Senate Banking Committee’s version of the bill from advancing.
Stablecoin Yield at the Heart of the Dispute
At issue is whether stablecoin rewards should be regulated like traditional interest-bearing accounts or treated as a separate product category. Banking groups argue that similar products should face similar rules. Crypto advocates say imposing bank-style requirements would stifle innovation and push activity offshore.
Tensions between industry leaders have spilled into public view. Executives from Coinbase and JPMorgan reportedly clashed over these issues earlier this year at Davos, underscoring how entrenched positions have become.
The White House hopes a direct conversation between both sides can produce a workable compromise.
Administration Signals Confidence a Deal Is Coming
Trump advisor Patrick Witt recently urged all stakeholders to “come together” and resolve their differences, adding that passage of the CLARITY Act is a question of timing, not possibility. Blockchain Association CEO Summer Mersinger echoed that sentiment, saying her group is eager to work with policymakers across party lines to deliver durable legislation.
The push comes as Washington faces broader legislative pressures. A partial government shutdown is underway after Congress missed a funding deadline, although the Senate has already passed a bill to finance remaining agencies through September. The House, which is currently in recess, is expected to vote soon, and President Trump has endorsed the package.
If the White House summit produces consensus on stablecoin yield, it could unlock progress on one of the most closely watched crypto bills in years. The CLARITY Act aims to define regulatory jurisdiction, set market structure rules, and provide long-sought legal certainty for digital assets.
For both industries, the stakes are high. For policymakers, the outcome could determine whether the U.S. sets the global standard for crypto regulation—or watches innovation move elsewhere.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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