White House to Convene Banks and Crypto Firms Over Stalled Legislation
The White House is set to host senior executives from both the banking and cryptocurrency sectors on Monday to discuss a path forward for a major crypto bill that has been held up by deep disagreements, according to three people familiar with the planning. The meeting underscores Washington’s concern that clashes between established financial institutions and crypto firms could block high-stakes rules covering custody, stablecoins and intermediation. How the talks play out matters for market clarity and timing: lawmakers and industry participants say a mediated compromise could unlock a legislative roadmap that affects banks’ involvement in crypto services, consumer protections, and regulatory oversight. Officials and participants declined to comment publicly ahead of the session; outcomes remain uncertain, but the White House’s involvement signals a push to bridge differences and move the stalled legislation forward.