White House Advances Stablecoin Regulatory Discussions
According to insiders, the White House held its third round of closed-door talks this week focusing on stablecoin reward mechanisms. Participants included representatives from the crypto industry and traditional banking groups. The discussions lasted several hours and were described as 'constructive' by attendees, though no final agreement was reached.
Seeking Common Ground Between Sectors
An industry organization leader noted that the meeting built upon previous negotiations, aiming to develop a regulatory framework that protects consumers while enhancing the U.S. position in the global crypto market.
- Core focus centered on stablecoin reward structures
- Regulators aim to balance innovation with risk management
- Industry players report positive engagement
Further Negotiations Expected
One executive shared that while concrete proposals remain under development, both sides demonstrated willingness to continue dialogue. Sources indicated the White House proposed guiding principles allowing rewards under specific conditions, though banking representatives remain cautious. It remains unclear whether additional meetings will be scheduled.