The White House is set to host another high-level discussion today focused on the proposed CLARITY Act and the future of stablecoin regulation, amid ongoing tensions between the crypto industry and traditional banking institutions. With Congress yet to advance the bill, today’s meeting could prove decisive in shaping the next chapter of U.S. digital asset policy.
Stablecoin Yield Debate Takes Center Stage At White House
In a recent X post, crypto news reporter Eleanor Terrett has revealed that the White House is convening a stablecoin yield meeting with a small group of representatives from both the crypto industry and major banks. The primary purpose of the session is to determine whether platforms should be allowed to offer yield or rewards on stablecoin holdings.
Expected attendees include Ripple Chief Legal Officer Stuart Alderoty, Miles Jennings of Andreessen Horowitz’s crypto arm, and Coinbase Chief Legal Officer Paul Grewal, alongside senior banking executives and crypto trade representatives.
Banks are reportedly pushing back strongly against yield-bearing stablecoins, arguing that such products blur the line between traditional bank deposits and digital dollar equivalents.
They warn that allowing stablecoin yields could create regulatory inconsistencies and competitive imbalances, prompting some to advocate for a total ban on stablecoin yield features. Crypto firms, in contrast, maintain that yield mechanisms represent innovation and can coexist with proper oversight.
Senate Deadlock Deepens After Postponed CLARITY Bill Markup
Meanwhile, this marks the third meeting the White House has held with representatives from both banks and the crypto industry on the issue. Notably, the second meeting, held on February 11, 2026, ended in an impasse, as neither side was willing to compromise on the stablecoin yield debate.
The ongoing disagreement is widely viewed as one of the key reasons the Crypto CLARITY bill remains stalled in Congress. The United States Senate Banking Committee has refused to hold a markup session or vote after postponing its previously scheduled markup on January 27, 2026.
The delay reportedly followed opposition from Coinbase and its CEO, Brian Armstrong, who raised concerns over major changes introduced in the Senate’s draft of the CLARITY bill. Without consensus among industry leaders and lawmakers, progress on the legislation has effectively slowed, leaving regulatory uncertainty hanging over the digital asset sector.
A Defining Moment for Crypto Regulation
The CLARITY bill is widely expected to provide a more straightforward and comprehensive regulatory framework for digital assets, potentially marking a historic milestone in U.S. crypto regulation. Supporters argue that clear statutory guidelines would replace enforcement-led oversight with predictable rules that encourage innovation while protecting consumers.
Recently, U.S. Treasury Secretary Scott Bessent stated that approval of the bill would bring much-needed relief to the crypto market, which is currently under bearish pressure. His remarks highlight the broader economic stakes tied to the legislation’s fate.
With two previous meetings yielding no compromise, all eyes are now on this third White House session. Whether it produces a breakthrough or prolongs the stalemate could determine how swiftly the United States establishes lasting clarity for its rapidly evolving digital asset ecosystem.
The CoinRemark Team
Evans Kelvin
