The White House will meet with representatives of cryptocurrency companies and traditional banks in the coming days to work through concerns about the performance of stablecoins in the cryptocurrency market structure bill, according to people familiar with the matter.
The legislation, which was delayed earlier this month, has encountered resistance over how it proposes to regulate stablecoin rewards, particularly provisions that could limit reward-linked or interest-bearing features linked to dollar-pegged tokens. Banks have opposed allowing stablecoin issuers or their exchange partners to offer rewards, warning that there is a risk of deposits slipping away. The crypto industry has said that offering these rewards will benefit end users.
Reuters first reported that the meeting would take place in an article on Wednesday.
The meeting is being convened by the White House’s internal crypto policy council, a group that includes officials from the National Economic Council, the Treasury and other agencies. The goal is to gather feedback directly from market participants on how to resolve sticking points in the bill.
At the heart of the dispute is how stablecoin rewards, such as yield transferred to users from reserve assets, should be treated under the law. Wall Street bankers have strongly pushed back against crypto yield products, persuading several lawmakers from both parties that these offerings pose a competitive threat to the traditional banking system.
In a statement, Blockchain Association CEO Summer Mersinger said the crypto lobby group would participate in the meeting, thanking White House AI and crypto czar David Sacks and Patrick Witt, director of the White House crypto council.
“Congress has a clear opportunity to overcome this moment and establish lasting, bipartisan rules that protect consumers, encourage responsible innovation, and ensure the United States remains a global leader in the next generation of financial and Internet technology,” he said in the statement.
UPDATE (January 28, 2026, 20:15 UTC): Adds a statement from the Blockchain Association.
