Senior U.S. officials at the White House have convened another round of meetings with leaders from the banking sector and the cryptocurrency industry to address longstanding disagreements that are impeding progress on comprehensive crypto market structure legislation.

The discussions, hosted by the administration’s digital asset policy council, brought together representatives from major banks and crypto firms to focus on resolving key disputes over the regulatory treatment of stablecoins and related yield provisions.

The latest summit follows an earlier session on February 2, which included figures from the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and major digital asset platforms, and was described by participants as constructive but unable to produce a consensus on stablecoin yield rules.

Banks have underscored the importance of maintaining the safety and soundness of deposit-taking institutions and cautioned that permitting yield-bearing stablecoin products or rewards could draw deposits away from traditional lenders, potentially undermining local credit and financial stability.

Representative banking associations reiterated their support for a legislative framework that encourages innovation while safeguarding core banking functions.

Crypto industry leaders, for their part, have emphasised that stablecoin incentives and competitive features are essential to fostering innovation, liquidity and adoption of digital assets.

Participants from the Cryptocurrency Council for Innovation and other trade groups thanked the White House for facilitating dialogue and expressed optimism that continued engagement could lead to compromise language that advances the Digital Asset Market Clarity Act through Congress.

A key unresolved issue remains how to define and constrain stablecoin yields in a way that balances innovation with financial system integrity.

The White House has set an end-of-February deadline for stakeholders to submit compromise proposals, with administration officials signalling that progress is critical to moving the stalled legislative package forward in the Senate.

In addition to core yield disputes, the broader talks are part of ongoing efforts to establish clear regulatory roles and frameworks for digital assets, building on earlier measures such as the Genius Act for stablecoin payments.

The convening of both traditional and digital finance stakeholders illustrates the administration’s intention to foster a transparent and collaborative process for shaping U.S. crypto policy.