Catenaa, Wednesday, January 28, 2026- An exclusive report by the Reuters newsagency said that the White House plans to host a meeting next week bringing together senior banking and cryptocurrency executives as lawmakers struggle to advance digital asset legislation in the US Senate.
The report cited “people familiar with the matter,” as it source of information.
The meeting, organized by the White House crypto council, is expected to focus on disagreements over how stablecoin rewards should be treated under pending legislation.
The issue has emerged as a major obstacle in the Senate Banking Committee, complicating efforts to move a broader crypto framework forward.
Banking trade groups have raised concerns about the GENIUS Act, a stablecoin bill that cleared Congress last summer.
While the law bars stablecoin issuers from paying interest directly to holders, it allows third-party platforms, including crypto exchanges, to offer rewards.
Banks argue that such arrangements could draw deposits away from traditional institutions, particularly community banks.
Crypto industry groups counter that negotiations over the issue already took place during the bill’s passage and accuse banks of seeking to limit competition.
The Blockchain Association confirmed it will take part in the discussions, calling for bipartisan rules that protect consumers and support responsible innovation.
The talks come as Senate negotiations show signs of strain.
The Senate Banking Committee delayed a planned hearing earlier this month after Coinbase withdrew support, citing concerns over tokenized equities and stablecoin rewards.
The Senate Agriculture Committee is scheduled to hold its own hearing, though draft legislation has yet to gain Democratic backing.
The White House has urged swift passage of a crypto market structure bill, warning that delays could stall momentum despite the administration’s supportive stance toward the sector.
