The White Home has convened a high-level assembly of representatives from conventional banks and the Bitcoin (BTC) and cryptocurrency industries. The primary goal of this assembly, which shall be held on Monday, February 2, 2026, is to succeed in an settlement that can allow the approval of a long-awaited invoice that may carry readability and stability to your complete ecosystem.
In accordance with Reuters, business insiders have prompt that the White Home summit is a decisive try and mediate between competing positions to unblock the legislative course of. Unblocking the difficult path to federal regulation of cryptocurrencies. Nonetheless, it have to be considered that the White Home has not but formally introduced this assembly.
In any case, the main target of those deliberations will revolve across the controversial difficulty of whether or not stablecoins that keep the identical value because the US greenback (USD) can present rewards and curiosity funds to customers. This level is strongly championed by the Bitcoin and cryptocurrency sector, which believes it’s important to draw a broader person base and foster mass adoption.
Two visions stall the way forward for finance: Cryptocurrency vs. banks
Nonetheless, the normal banking business has sounded the alarm, warning that the potential for incomes rewards in stablecoins might result in a major outflow of deposits. As much as $500 billion leaked from banking system It can grow to be conventional by 2028.
The assembly, organized by President Donald Trump’s Cryptocurrency Coverage Council, subsequently goals to interrupt the impasse within the Senate over fundamental laws that may set up a federal regulatory framework for digital belongings.
As a part of this framework, the GENIUS Act (Guiding and Establishing Nationwide Innovation in U.S. Stablecoins) has already been accredited, turning into the primary complete regulatory framework for stablecoins in america in July 2025, as CriptoNoticias reported on the time.
In reality, the basis of the disagreement lies within the GENIUS Act, which established a federal framework for stablecoins. Prohibited direct issuers from paying curiosity or charges. However it leaves a obscure door open for third events to take action, a loophole that banks need to shut.
Debate may also concentrate on a invoice that would offer an overarching construction for the Bitcoin and crypto markets, however progress within the Senate has been hampered by deep disagreements, significantly on the problem of stablecoin rewards.
Cryptocurrency firms argue that banning the availability of stablecoin rewards can be an anti-competitive measure that may stifle innovation and restrict the expansion of the sector.
In distinction, banking establishments declare that these returns are assured even when supplied by a 3rd get together akin to an change.compete immediately with conventional deposits and erode their funding sources. and finally threaten total monetary stability.
In the meantime, Summer season Marsinger, CEO of the Blockchain Affiliation, which represents business giants akin to Coinbase, Ripple, and Kraken, emphasised the significance of this dialogue.
“I look ahead to persevering with to work with policymakers throughout the board to assist Congress advance sturdy market construction laws and make sure that america stays the crypto capital of the world,” he stated.
