Catenaa, Sunday, February 01, 2026- Representatives from major cryptocurrency firms, trade groups and US banking organizations are set to meet tomorrow early afternoon at the White House to discuss how rewards tied to stablecoins should be treated under federal law, according to people familiar with the plans.
The summit, hosted by the White House crypto council, comes as Congress works to finalize legislation governing digital assets and defining regulatory authority between federal agencies.
Stablecoin rewards have emerged as one of the most disputed issues in those talks.
Attendees are expected to include representatives from Coinbase, Ripple and Kraken, along with industry groups such as the Digital Chamber, the Crypto Council for Innovation and the Blockchain Association.
Banking groups, including the American Bankers Association, are also expected to participate.
The White House and several organizations involved did not immediately respond to requests for comment.
At the center of the dispute is the GENIUS Act, a stablecoin framework approved by Congress last summer.
The law bars stablecoin issuers from paying interest directly to holders but allows third-party platforms, including exchanges, to offer rewards linked to stablecoin holdings.
Banking organizations argue that such rewards could draw deposits away from traditional institutions and weaken the banking system. Crypto firms counter that limiting rewards would restrict competition and slow innovation in digital payments.
The debate intensified in recent weeks as lawmakers advanced broader crypto legislation. The Senate Agriculture Committee moved its bill forward without Democratic support, while action in the Senate Banking Committee remains pending after a delayed hearing earlier this month.
Any final legislation must still be reconciled with a version passed by the House before it can be sent to the president for approval, leaving the outcome of stablecoin reward rules unresolved.
