White House crypto meeting dug into stablecoin yield debate on market structure bill - CoinDesk

ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto industry, banks not yet close to stablecoin yield deal at White House meetingIndustry insiders met with President Donald Trump's advisers, who asked that compromises be found this month for the Senate's crypto bill.By Jesse Hamilton|Edited by Nikhilesh DeUpdated Feb 2, 2026, 11:42 p.m. Published Feb 2, 2026, 9:02 p.m. Make us preferred on GooglePresident Donald Trump's crypto adviser Patrick Witt, led a meeting trying to move forward on market structure legislation. (CoinDesk) What to know: One participant in the meeting on the U.S. Senate's crypto market structure bill called the discussion "exactly the kind of progress needed," though the banking representatives didn't yet present any compromises, participants said. The White House is directing the participants to make practical headway by the end of the month on technical points in the legislative negotiation, sources said, though they'd need to find compromises that could also draw support from recalcitrant Democrats.The next step is to advance the bill through the Senate Banking Committee to match the Republican-driven effort that already cleared the Senate Agriculture Committee last week.At a White House meeting called to thaw the ice between crypto firms and Wall Street bankers, the eager crypto insiders — who outnumbered the bankers by a wide margin — came away feeling the banks were dragging their heels on making a deal on crypto market structure legislation. The White House gave them all new marching orders, according to people familiar with the talks: Get to a compromise on new language on stablecoin yields before the month is out. STORY CONTINUES BELOWDon't miss another story.