Live result: The meeting was described as "constructive and solution-oriented", but there is no formal agreement (press release with legal decision) at this moment.
Decision made: The White House asked representatives from banks and crypto companies to return in the coming days with new language formulations and compromise proposals to resolve the outstanding points of contention in the bill (known as the CLARITY Act).
2. What is the fundamental point of contention?
The disagreement is not on "Should we regulate digital currencies?" (everyone agrees on regulation), but the real disagreement is on the "benefits and rewards" (Yield/Rewards) that stablecoins provide:
Folk drop investment in these stocks$XRP
XRPUSDT
Perp
1.3582
-1.25%
BNBUSDT
Perp
606.94
+0.03%
ETH
1,917.92
-1.24%