White House Crypto Meeting Update – BTC Slides Toward $67K
Listen everyone,
The recent crypto meeting at the White House didn’t go as expected. Talks reportedly stalled over one major issue: stablecoin yields.
Representatives from big U.S. banks and crypto leaders met to discuss the Senate’s market structure bill, but negotiations hit a wall when banks pushed for a full ban on earning interest from stablecoins. They don’t want any yield model allowed.
Reports say the White House is also leaning toward very strict limits, even tighter than the current bill language that allowed limited yield activities.
Because of this disagreement, short-term progress on the Clarity Act could slow down. The market reacted quickly, and Bitcoin dropped near $67K during the morning session.
However, Ripple’s CLO Stuart Alderoty said the talks were productive and that bipartisan support for broader crypto regulation is still there.
Right now, the debate around stablecoin yields is becoming a key market driver. If no agreement is reached, we can expect more volatility ahead.
Not financial advice.
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