Washington Talks: Banks and Crypto Firms Meet to Fix Stalled Rules

Big names from banks and crypto companies are meeting at the White House. They want to fix a problem. Rules for crypto in the U. S. are stuck. The meeting is on February 2. It's about finding a way forward. The White House wants to help. They think they can make a deal. But talks have been tough. Different groups have different ideas. Some want more control. Others want less. The main issue is about rewards. Crypto firms pay rewards for holding stablecoins. Stablecoins are like digital dollars. The new rules might change how these rewards work. This meeting is important. It shows the Trump team wants to move things forward. But it's not easy. The House already passed a big bill last year. The CLARITY Act was a start. It aimed to set clear rules for crypto.But then things got complicated. The Senate had a plan. They were going to vote on the bill. But some big crypto companies said no. Coinbase was one of them. They didn't like the changes. Coinbase's CEO, Brian Armstrong, spoke out. He said the new rules would hurt crypto. He blamed big banks. He said they wanted to change the rules to help themselves. Now, the Senate is still working on it. They have a new bill. It's about who controls crypto rules. The vote is soon. But no one knows what will happen. The meeting at the White House is a big deal. It could help break the deadlock. But it's not a sure thing. The future of crypto rules in the U. S. is still up in the air.