White House to Host Meeting Between Cryptocurrency and Banking Sectors, Discussing Ongoing Stablecoin Yield Issues

Reuters reports that the White House is scheduled to host a meeting next Monday with executives from the cryptocurrency and banking industries. The meeting, organized by the White House's Cryptocurrency Council, is expected to focus on strategies to advance the stalled cryptocurrency market structure bill amidst conflicts between these two powerful sectors. The discussions will likely center on how the bill should handle interests and other rewards that businesses such as cryptocurrency exchanges can offer to stablecoin holders. This meeting could potentially serve as a breakthrough in finding a compromise between the two industries that have been at odds over the legislation.