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White House to host meeting between bank and crypto next week to discuss digital asset legislation: Reuters

Regulation & Legal

The White House is scheduled to host a high-stakes meeting next week, bringing together top executives from major traditional banks and leaders within the cryptocurrency sector, sources familiar with the matter confirmed to Reuters on Friday. The central focus of the dialogue will be the formulation of comprehensive digital asset legislation aimed at establishing a clear regulatory framework in the United States.

Senior administration officials, including those from the National Economic Council, are slated to moderate the session. Attendees are expected to include representatives from Wall Street giants, eager for clarity on integrating blockchain technology and stablecoins into their operations, alongside founders and CEOs of prominent crypto exchanges and infrastructure providers pushing for innovation-friendly rules.

This direct engagement underscores the administration’s increased urgency to bridge the widening regulatory gap that currently impacts everything from consumer protection to the jurisdiction of key regulatory bodies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The meeting is viewed by industry watchers as a critical attempt to forge consensus and provide input ahead of anticipated major legislative pushes by Congress later this year. The outcome of these discussions is expected to heavily influence the final shape of U.S. crypto policy.

Source: White House to host meeting between bank and crypto next week to discuss digital asset legislation: Reuters

Disclaimer: This content is generated via ZODIAC AI engine for informational purposes. While we strive for accuracy, we do not guarantee the completeness of the information. This is not financial advice. Decisions should be made based on your own judgment.

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