White House meets crypto execs on Senate market structure bill
White House officials met with executives from the cryptocurrency and banking sectors to discuss how stablecoin yield should be treated in a market structure bill currently before the U.S. Senate.
The Digital Chamber said in an X post on Monday that its CEO, Cody Carbone, and other industry participants met at the White House to review provisions in the Digital Asset Market Clarity (CLARITY) Act. The Senate Banking Committee postponed a markup of the bill in January. According to the group, topics under consideration ahead of a return to markup include tokenized equities, decentralized finance, ethics rules for elected officials investing in crypto, and stablecoin rewards.
“Today’s discussion at the White House represented the type of progress needed to resolve one of the key issues holding up market structure legislation,” Carbone said, adding, “We remain optimistic that continued work on policy specifics can establish a level playing field for digital assets in the U.S.”
Officials from U.S. President Donald Trump’s administration and lawmakers are expected to coordinate across committees. The Senate Banking Committee, which oversees matters involving the U.S. Securities and Exchange Commission, and the Senate Agriculture Committee, which works with the Commodity Futures Trading Commission, will likely need to reconcile their respective bills before a full Senate vote. The Agriculture Committee advanced its version of the market structure bill last week without Democratic support, amid objections regarding elected officials holding digital assets.
This is a developing story. Details will be updated as new information becomes available.
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