# White House Related Articles

XRP Vs. Traditional Banks: Ripple CEO Sends Strong Message To Established Leaders

Ripple CEO Brad Garlinghouse has urged traditional banks to act in good faith amid ongoing stablecoin regulation negotiations. The call follows a contentious White House meeting where banking groups, including the ABA and ICBA, disputed a source's claim that talks would fail without Coinbase CEO Brian Armstrong's involvement. White House adviser David Sacks stated the crypto industry has made significant concessions on allowing stablecoin yields and called for banks to reciprocate. Garlinghouse emphasized that a path to a deal remains open, advocating for collaborative legislation. He also predicted the stalled CLARITY Act, aimed at digital asset market structure, would pass by April.

bitcoinist03/03 00:02

White House Crypto Summit In Focus Friday, Expert Predicts 3 Major Outcomes

The White House is hosting another round of talks this Friday between crypto industry and major banking representatives, aiming to advance the long-delayed crypto market structure bill (CLARITY Act) by the March 1 deadline. Negotiations have centered on stablecoin regulation, particularly whether issuers can offer interest on unused balances—a prospect now effectively ruled out. Instead, discussions focus on rewards tied to specific user actions. Market expert Paul Barron predicts several outcomes: a truce between banks and stablecoin issuers, potential Treasury protocols for a strategic crypto reserve including BTC, ETH, and XRP, and possible SEC "safe harbor" guidelines to reduce enforcement actions. However, sources indicate no breakthrough is imminent yet. Attention may shift back to unresolved issues like DeFi and ethics, especially during an upcoming Senate Democratic meeting. With the deadline approaching, the Friday session could be pivotal for legislative progress or further delays.

bitcoinist02/26 15:06

Why CLARITY Act faces crucial test as approval odds drop to 42%

The CLARITY Act faces a critical test as its approval odds on Polymarket dropped sharply from 72% to 42%, reflecting declining market confidence. The White House is mediating between crypto firms (like Coinbase and Ripple) advocating for stablecoin features such as programmability and rewards, and banking groups concerned about deposit outflows and financial stability. A key disagreement revolves around whether crypto companies should be allowed to offer high yields on stablecoins, which banks fear could weaken the traditional financial system. The White House has set a March 1 deadline for a compromise, warning that failure could stall the bill. The latest draft imposes strict rules, with severe penalties for attempts to disguise interest payments. Its future also depends on Senator Tim Scott’s support. While some industry leaders remain optimistic about passage by April, the political deadlock and tight timeline pose significant roadblocks.

ambcrypto02/24 08:02

Stablecoin Yield ‘Effectively Off The Table’: White House Narrows Rewards Debate In Latest Meeting

The White House took a more active role in the latest meeting between the crypto industry and banking sector to resolve the stablecoin yield dispute that has stalled the CLARITY Act. The meeting included representatives from Coinbase, Ripple, a16z, and crypto trade associations, while banks were represented through their industry groups. The White House presented a draft text addressing banking concerns, effectively ruling out earning yield on idle stablecoin balances. The debate now focuses on whether crypto firms can offer rewards linked to specific activities. Banking representatives argued that competitive pressures, rather than deposit flight, are their main concern. The White House also proposed anti-evasion measures, including significant penalties for violations. Further discussions are expected as both sides assess potential compromises.

bitcoinist02/21 13:02

White House Renews Stablecoin Rewards Talks

U.S. officials met with banking and crypto industry leaders at the White House to discuss stablecoin rewards—a key issue under the proposed CLARITY Act. Crypto advocates argue rewards promote adoption and competitiveness, while banks warn they blur the line with traditional deposits and pose systemic risks. Lawmakers must decide whether to treat yield-bearing stablecoins as bank deposits or risk regulatory arbitrage. The outcome will significantly impact the digital asset market, influencing innovation, financial stability, and U.S. competitiveness. No agreement was reached, but discussions continue as both industries lobby for a favorable resolution.

TheNewsCrypto02/20 06:56

White House Sets March 1st Deadline For Crypto Market Structure Bill Resolution

Representatives from crypto and banking groups met at the White House to resolve a key dispute stalling the CLARITY Act, a major crypto market structure bill. The main disagreement centers on whether stablecoin issuers should be allowed to offer yield or rewards to users. Some advocate for distinguishing between usage-based rewards and interest payments. Following the meeting, executives from Coinbase and Ripple described the talks as productive and expressed optimism. Ripple's CEO stated he is 90% confident the bill will pass by April. The White House has set a March 1st deadline to resolve the stablecoin issue, adding urgency to the negotiations.

bitcoinist02/20 01:02

Ripple CEO Predicts 80% Chance Crypto Market Structure Bill Signed By End Of April

Anticipation is building around the CLARITY Act, a key digital asset market structure bill. According to reports, the White House is considering new talks as soon as Thursday to address the contentious issue of stablecoin yields, a previous meeting having ended without agreement. Banking representatives are firmly against stablecoins offering yield or rewards. Despite this, Ripple CEO Brad Garlinghouse expressed strong confidence that differences will be resolved. He estimates an 80% chance the bill will be signed into law by the end of April, arguing that regulatory clarity, even in an imperfect bill, is better than the current chaos for the crypto sector.

bitcoinist02/18 01:33

‘We’ll get it done’: White House calls CLARITY Act a regulatory unlock

The White House, through Trump's digital assets advisor Patrick Witt, expresses strong commitment to passing the CLARITY Act, a crypto market structure bill, before the midterm elections. Witt acknowledges that stablecoin yield remains the key sticking point but believes regulatory clarity is crucial to unlock trillions in institutional capital waiting to enter the crypto space. A third meeting is planned for next week to broker a compromise between crypto and traditional finance industries after some progress was made in recent negotiations. While the U.S. Treasury Secretary notes the bill's positive momentum would boost market sentiment, prediction markets are skeptical, pricing only a 36% chance of passage by June.

ambcrypto02/14 11:17

Ripple Exec Warns Compromise Is Coming – What This Means For XRP

Ripple's Chief Legal Officer, Stuart Alderoty, indicated that a compromise may be near in ongoing discussions between banks, the U.S. Senate, and crypto leaders regarding stablecoin regulations. A recent White House meeting, though not final, was described as productive. Banks presented principles opposing yield-bearing stablecoins to protect traditional banking, but reportedly made a key compromise by allowing possible exemptions. This could permit transaction-based rewards under strict conditions, impacting Ripple’s operations and its stablecoin RLUSD. The outcome, expected by March 2026, may define permissible crypto activities and significantly influence XRP’s regulatory environment and market role.

bitcoinist02/12 17:32

No Agreement Reached In White House Meeting Between Banks And The Crypto Industry

bitcoinist02/12 06:03