Talks at the White House about new rules for stablecoins moved forward but did not lead to a final agreement.
The discussion brought representatives from banks and crypto firms as part of an effort to shape a market structure bill.
Ripple’s legal chief, Stuart Alderoty, shared his view on X after the meeting. He wrote that the session felt “productive” and that there was room for compromise.
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He also said lawmakers from both parties still showed interest, and that it may be important to act while the opportunity remains.
This meeting was the second in a short period. The first took place on February 2 and was described as “constructive” and based on clear facts by Patrick Witt, a White House adviser focused on digital assets.
Dan Spuller from the Blockchain Association also commented on the most recent session. He said it was smaller and aimed at solving specific issues. According to him, stablecoin “rewards” drew most of the attention.
He noted that banks did not rely on the bill’s text and instead imposed broad restrictions, which he called a major point of disagreement.
A document distributed by banking groups outlined the principles they wanted in the Senate’s bill. The list focused on blocking any form of yield or interest tied to stablecoins.
Recently, Senator Cynthia Lummis urged banks to treat stablecoins as a new business line and not a threat to their role in the financial system. Why? Read the full story.
