Wall Street banking executives and leaders of major cryptocurrency firms are convening in Washington this week at the invitation of the White House to negotiate differences that have stalled progress on the Digital Asset Market CLARITY Act, a major legislative effort to establish clear regulatory frameworks for digital assets across the United States.

The meeting on Monday brings together senior figures from traditional finance and the crypto industry in an effort to forge common ground on contentious issues that have held up the bill’s advancement in the Senate.

The CLARITY Act, designed to delineate regulatory authority and provide legal certainty for digital asset markets, has been a centerpiece of President Donald Trump’s economic agenda on financial innovation and maintaining U.S. leadership in the digital economy.

A protracted impasse over how stablecoin interest and reward structures should be treated under the legislation has been at the heart of the deadlock, prompting the White House to step in and broker a negotiation this week.

The meeting reflects the administration’s high-level push to resolve disputes that have threatened the act’s momentum and to clarify how stablecoins and yield-bearing crypto products will be regulated, issues seen as essential to securing broader support in Congress.

At the center of ongoing negotiations is whether crypto firms should be permitted to offer high-yield rewards on dollar-pegged stablecoins — a practice banks argue could draw deposits away from traditional financial institutions and undermine financial stability, while crypto companies contend it supports user adoption and innovation.

The standoff over stablecoin policy led Coinbase’s chief executive to withdraw support for an earlier draft of the legislation this month, highlighting the depth of division within the industry and between sectors.

With the CLARITY Act’s Senate review delayed and its future hanging in the balance, this summit is intended to produce a compromise that can reinvigorate the legislative process and bring the bill closer to enactment.

Supporters of the act argue that regulatory clarity is critical to keeping capital and innovation onshore, protecting consumers, and ensuring that the United States remains competitive in the global digital asset space.

The outcome of this Washington meeting could shape how digital assets are regulated, traded, and integrated into the broader financial system in the years ahead.