The White Home convened a high-level assembly between representatives of conventional banking and the bitcoin (BTC) and cryptocurrency business. The first goal of this assembly, which is able to happen on Monday, February 2, 2026, is to achieve a consensus that enables the approval of long-awaited laws, able to offering readability and stability to your complete ecosystem.
In line with Reuters, sources contained in the business recommend that the White Home summit represents a decisive try to mediate between opposing positions to unblock the legislative course of and unblocking the complicated path towards federal regulation of cryptocurrencies. Nonetheless, it should be taken into consideration that the White Home has not but formally introduced the assembly.
In any case, the main target of those deliberations will revolve across the controversial query of whether or not stablecoins, which keep the identical value of america greenback (USD), will be capable to provide rewards or curiosity funds to their customers. This level is strongly defended by the bitcoin and cryptocurrency sector, which considers it important to draw a broader person base and encourage mass adoption.
Two visions bathroom down the monetary future: cryptocurrencies vs. banking
Nonetheless, conventional banking has raised the alarm, warning that the potential for acquiring rewards in stablecoins might trigger a big exodus of deposits, estimating a leak of as much as 500 billion {dollars} from banking methods conventional by 2028.
For that cause, the assembly, orchestrated by the cryptocurrency coverage council of President Donald Trump’s administration, seeks to interrupt the deadlock within the Senate over the elemental invoice that seeks to ascertain a federal regulatory framework for digital belongings.
As a part of this framework, the GENIUS Regulation (Guiding and Establishing Nationwide Innovation for US Stablecoins) was already permitted, which, in July 2025, turned the primary complete regulatory framework for stablecoins in america, as reported by CriptoNoticias on the time.
The truth is, the foundation of the disagreement lies within the GENIUS Act which, though it established a federal framework for stablecoins, prohibited its direct issuers from paying curiosity or rewards. Nonetheless, it left an ambiguous door open for third events to take action, a loophole that banks search to shut.
The dialogue can even deal with laws that can give complete construction to the bitcoin and cryptocurrency market, however its progress has been hampered within the Senate on account of deep divergences, notably on the difficulty of stablecoin rewards.
Cryptocurrency corporations argue that banning the providing of stablecoin rewards could be an anti-competitive measure that may stifle innovation and restrict the expansion of the sector.
In distinction, banking establishments keep that these returns, even when supplied by third events corresponding to exchangescompete immediately with conventional deposits, eroding their sources of financing and in the end threatening total monetary stability.
In the meantime, Summer season Mersinger, CEO of the Blockchain Affiliation, which represents sector giants corresponding to Coinbase, Ripple and Kraken, emphasised the significance of this dialogue.
“We stay up for persevering with to work with policymakers in all places so Congress can advance lasting market construction laws and guarantee america stays the cryptocurrency capital of the world,” he stated.
