White House to Address Crypto Market Structure Amid Stablecoin Debate
By John Nada·Jan 28, 2026·2 min read
The White House is convening a meeting to address stablecoin yield concerns in upcoming crypto market structure legislation, facing pushback from banks.
The White House is set to meet with crypto and banking representatives to tackle concerns over stablecoin yields, according to CoinDesk. This meeting follows a recent delay in legislation aimed at regulating stablecoins, which encountered pushback regarding how rewards linked to these assets should be managed.
The proposed bill, facing resistance, raises alarms primarily among banks that worry about potential deposit flight if stablecoin issuers and exchanges are allowed to offer rewards. In contrast, the crypto industry argues that such incentives will ultimately benefit users. This clash highlights the ongoing tension between traditional finance and emerging crypto innovations.
Wall Street bankers have notably resisted crypto yield products, arguing they pose a competitive threat to banks. Blockchain Association CEO Summer Mersinger expressed optimism about the meeting, emphasizing the need for bipartisan rules that protect consumers while fostering innovation in the financial sector.
This gathering, organized by the White House’s internal crypto policy council, aims to gather insights directly from market participants to help overcome legislative hurdles. The ongoing discussions reflect a critical moment for the future of stablecoins and their regulatory framework, as stakeholders from both sides seek a resolution.
The implications of these discussions could shape the trajectory of crypto regulation in the U.S., potentially influencing how stablecoins operate and are perceived in the broader financial landscape. As the dialogue continues, the outcome may set important precedents for future legislation concerning digital assets.