⚖️ COINBASE, RIPPLE JOIN BANKS AT WHITE HOUSE CRYPTO SUMMIT
The White House’s crypto council is convening a high-stakes summit aimed at resolving disputes over stablecoin yield rules — a key sticking point in U.S. crypto legislation.$NEAR
🏛️ Who’s at the table:
• Coinbase
• Ripple
• Kraken
• Circle
• Major crypto trade groups
• Large U.S. banks + regulators
📜 What’s on the line:
The outcome could directly shape the Clarity Act, which remains stalled in Congress amid disagreement over whether stablecoins should be allowed to offer yield or interest-like rewards.$PEPE
📌 Why this matters:
• Stablecoin yield rules impact payments, DeFi, and on-chain dollars
• Banks fear deposit substitution
• Crypto firms argue yield is essential for competitiveness
🧠 Big picture:
This is crypto’s D.C. moment. With banks and crypto firms in the same room, Washington is no longer debating whether crypto belongs — but how much of the financial stack it’s allowed to control.$WLD
🔥 The next phase of U.S. crypto policy is being negotiated behind closed doors.
#PreciousMetalsTurbulence #Notcoinnews #xmucan
