Crypto Bill Gains Momentum As White House Hosts Industry
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Amid rising political stakes in Washington, the White House is moving to revive the long-stalled crypto bill that could reshape digital asset regulation in the United States. White House pushes for a deal on the CLARITY Act U.S. President Donald Trump is reportedly eager to drive the stalled crypto market structure bill across the finish line, signaling a renewed focus on digital asset legislation. According to Reuters, the White House will host crypto firms and major banks on the 2nd of February to seek a legislative compromise. The key sticking point remains stablecoin yields, which have sparked tension between traditional financial institutions and crypto companies. However, the administration now appears determined to broker an agreement that can restart momentum behind the bill and bridge those sectoral divides. The measure, known formally as the CLARITY Act, suffered a major setback in mid-January when Coinbase withdrew its support. The exchange cited “too many issues,” including a direct ban on stablecoin rewards as well as provisions around tokenized securities, which it viewed as unworkable. Senate Banking Committee delay and political headwinds Coinbase’s reversal forced the Senate Banking Committee to postpone a planned vote on the draft legislation, halting progress just as negotiations had appeared to be advancing. Moreover, that delay intensified friction between banks and crypto firms, which have been openly clashing over how stablecoin yields should be regulated. The White House itself was reportedly displeased with the breakdown in talks and privately urged Coinbase to rejoin discussions. That said, the episode highlighted the difficulty of aligning powerful incumbents and fast-growing digital asset platforms around a single regulatory framework. At the same time, the Senate Banking group was instructed to place additional emphasis on affordable housing policy. As a result, the digital asset proposal slipped down the committee’s agenda, leaving the senate banking…
Filed under: News - @ January 29, 2026 2:24 pm