The White House will meet with representatives of crypto companies and traditional banks in the coming days to work on stablecoin yield issues in the crypto market structure bill, according to people familiar with the matter.
The legislation, which was delayed earlier this month, faced some resistance over how it proposes to regulate stablecoin rewards, particularly provisions that could limit interest-bearing or reward-related features linked to dollar-pegged tokens. Banks have opposed stablecoin issuers or their exchange partners offering rewards, warning that doing so risks leaking deposits. The crypto industry has said that offering these rewards will benefit end users.
Reuters first reported that the meeting was expected to take place in an article published on Wednesday.
The meeting is being called by the White House’s internal crypto policy council, a group that includes officials from the National Economic Council, Treasury and other agencies. The goal is to gather feedback directly from market participants on how to resolve the bill’s sticking points.
At the center of the dispute is how stable rewards – such as yield passed to users on reserve assets – should be treated by law. Wall Street bankers have strongly opposed crypto yield products, persuading several lawmakers from both parties that these offerings pose a competitive threat to traditional banking.
In a statement, Summer Mersinger, CEO of the Blockchain Association, said the crypto lobbyist group would attend the meeting, thanking White House AI and crypto czar David Sacks and Patrick Witt, director of the White House crypto consultancy.
“Congress has a clear opportunity to move beyond this moment and establish lasting, bipartisan rules of the road that protect consumers, promote responsible innovation, and ensure that the United States remains a global leader in the next generation of financial and internet technology,” she said in the statement.
UPDATE (January 28, 2026, 8:15 p.m. UTC): Adds Blockchain Association declaration.
