White House to Host Meeting with Banks and Crypto Industry, Seeking Compromise on Market Structure Bill

According to a report by Reuters on the 28th, the White House is scheduled to hold a meeting next Monday with executives from the banking and cryptocurrency industries to discuss a way forward for the stalled cryptocurrency market structure bill. According to three sources, the meeting, organized by the White House's Cryptocurrency Council, will include several industry association leaders and will focus on the treatment of interest and other rewards that cryptocurrency companies can offer on customer stablecoin holdings. The White House meeting could facilitate reaching a compromise between the two industries, highlighting the Trump administration's keen interest in getting the bill passed.