The White House has convened a high-level meeting of representatives from traditional banks and the Bitcoin (BTC) and cryptocurrency industries. The main objective of this meeting, which will be held on Monday, February 2, 2026, is to reach an agreement that will enable the approval of a long-awaited bill that can bring clarity and stability to the entire ecosystem.
According to Reuters, industry insiders have suggested that the White House summit is a decisive attempt to mediate between competing positions to unblock the legislative process. Unblocking the complicated path to federal regulation of cryptocurrencies. However, it must be taken into consideration that the White House has not yet officially announced this meeting.
In any case, the focus of these deliberations will revolve around the controversial issue of whether stablecoins that maintain the same price as the US dollar (USD) can provide rewards and interest payments to users. This point is strongly championed by the Bitcoin and cryptocurrency sector, which believes it is essential to attract a broader user base and foster mass adoption.
Two visions stall the future of finance: Cryptocurrency vs. banks
However, the traditional banking industry has sounded the alarm, warning that the possibility of earning rewards in stablecoins could lead to a significant outflow of deposits. Up to $500 billion leaked from banking system It will become traditional by 2028.
The meeting, organized by President Donald Trump’s Cryptocurrency Policy Council, therefore aims to break the deadlock in the Senate over basic legislation that would establish a federal regulatory framework for digital assets.
As part of this framework, the GENIUS Act (Guiding and Establishing National Innovation in U.S. Stablecoins) has already been approved, becoming the first comprehensive regulatory framework for stablecoins in the United States in July 2025, as CriptoNoticias reported at the time.
In fact, the root of the disagreement lies in the GENIUS Act, which established a federal framework for stablecoins. Prohibited direct issuers from paying interest or fees. But it leaves a vague door open for third parties to do so, a loophole that banks want to close.
Debate will also focus on a bill that would provide an overarching structure for the Bitcoin and crypto markets, but progress in the Senate has been hampered by deep disagreements, particularly on the issue of stablecoin rewards.
Cryptocurrency companies argue that banning the provision of stablecoin rewards would be an anti-competitive measure that would stifle innovation and limit the growth of the sector.
In contrast, banking institutions claim that these returns are guaranteed even if provided by a third party such as an exchange.compete directly with traditional deposits and erode their funding sources. and ultimately threaten overall financial stability.
Meanwhile, Summer Marsinger, CEO of the Blockchain Association, which represents industry giants such as Coinbase, Ripple, and Kraken, emphasized the importance of this dialogue.
“I look forward to continuing to work with policymakers across the board to help Congress advance durable market structure legislation and ensure that the United States remains the crypto capital of the world,” he said.
(Tag Translation) United States
