US President Donald Trump is scheduled to lead a strategic meeting with representatives of the crypto sector and leaders of the traditional banking industry at the White House this Monday, February 2nd.
The meeting, defined as a “work session” starting at 1 p.m. in Washington, is primarily aimed at reaching an agreement to advance federal legislation currently stalled in Congress.
According to reports from sources close to the process and data published by journalist Eleanor Terret, the summit will be attended by policy and compliance executives rather than the CEOs of major crypto companies.
The decision is aimed at facilitating technical and operational dialogue instead of high-profile media conferences. Some of the participants Representatives of Coinbase, Kraken, and Ripple stand outand representatives from major banking associations, including the American Bankers Association (ABA).
The main focus of the deliberations will be the regulation of stablecoins. This is considering that the point of friction is whether these digital assets, which are tied to dollar values, can provide rewards or interest payments to users.
While the Bitcoin and other digital asset industries believe this feature is essential for mass adoption, Traditional banking sector maintains reserves Regarding the impact on financial system stability.
The conference, announced last week, is intended to be a forum for mediation, CriptoNoticias reported. Terret said the goal was to facilitate discussion, not to ambush or pressure either party.
This approach represents a determined attempt by the current administration to provide clarity and stability to an ecosystem that demands defined rules of the game operated in the United States.
Market and legal implications
Although the White House has not issued an official statement, the Bitcoin market is closely monitoring these developments. A favorable resolution in the legal framework could reduce the legal uncertainty that has limited institutional participation in recent years.
The presence of representatives from industry associations and community banks, such as the Blockchain Association and the Crypto Council for Innovation. This suggests that comprehensive regulation is required.
This is expected to be the first of several working sessions aimed at drafting a framework to balance the Bitcoin network and other crypto industry innovations, as well as the traditional financial system.
This conference will be held almost a year after the first summit with representatives of the cryptocurrency sector. During the meeting, President Trump pledged support for crypto-asset companies and also indicated that the government would not sell the bitcoins seized by the United States.
(Tag Translate)Bitcoin (BTC)
