🇺🇸🏛️ BREAKING: White House to Host Crypto + Banking Roundtable on Stablecoin Rules (Feb 10)
The White House has scheduled a second high-level meeting between crypto industry leaders and traditional banks on Tuesday, Feb. 10 to tackle the ongoing debate around stablecoin regulation — especially whether crypto firms should be allowed to offer interest on stablecoins.
Officials are aiming to bridge differences and push forward the Clarity Act, a proposed U.S. legislative framework that would clarify how stablecoins are regulated and which entities can issue them.
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🧠 Key Players Attending
Traditional Banks:
• Bank of America
• JPMorgan Chase
• Wells Fargo
Crypto Representatives:
• Coinbase
• Circle
• Ripple
…among others.
This mix marks a rare collaborative moment as regulators, banks, and crypto entities seek common ground on digital asset rules.
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📊 What They’re Discussing
🔹 Stablecoin Interest Policies
Whether crypto firms should be permitted to offer yield or interest on stablecoin holdings, a contentious point between regulators and industry.
🔹 Regulatory Clarity
The goal of the meeting is to create meaningful consensus so that the Clarity Act can move forward — providing clear legal frameworks for stablecoins in the U.S.
🔹 Banking + Crypto Interface
Bringing banks and crypto together is an attempt to ensure that future stablecoin regulations balance risk management with innovation.
📈 Why This Matters
✔ Stablecoins are core infrastructure for crypto trading, DeFi, and institutional flows.
✔ Interest on stablecoins could affect capital movement between banks and DeFi.
✔ Clarity could unlock more institutional exposure by reducing regulatory uncertainty.
✔ A consensus here could be bullish for the broader crypto secto
📣 White House invites banks + crypto on Feb 10 to hash out stablecoin rules — interest on stablecoins is on the table. 🤝
Big banks + Coinbase + Circle + Ripple at the table. 📊
#ClarityAct #Stablecoin #USDC #Coinbase #Ripple $XRP