In an exclusive report by Reuters, the White House has scheduled a summit for Monday, February 2, 2026, to resolve a high-stakes standoff between Wall Street and Silicon Valley. The goal is to broker a compromise between the banking and cryptocurrency industries over the Clarity Act, a landmark bill aimed at establishing the first comprehensive federal framework for digital assets in the U.S.

The primary sticking point is the treatment of interest and rewards on stablecoins.

• The Crypto Position: Companies like Coinbase, Ripple, and Kraken argue that offering yields is essential for competition and recruiting new users. They view a ban on rewards as anti-competitive and a hindrance to the current administration’s “crypto capital” ambitions.
• The Banking Position: Traditional lenders fear that allowing crypto firms to offer high-interest rewards will lead to a massive exodus of deposits—the lifeblood of the banking system. Banks argue this poses a systemic risk to financial stability and creates an unlevel playing field.

The intervention underscores President Trump’s commitment to his campaign promise of promoting crypto adoption. While the House of Representatives passed its version of the bill in July 2025, the Senate Banking Committee has stalled. Disagreements over stablecoin provisions and internal Republican splits have prevented the bill from reaching a floor vote.

Industry leaders, including the Blockchain Association and The Digital Chamber, have praised the White House for bringing both sectors to the negotiating table. If a compromise is reached on Monday, it could clear the path for the Senate to finally pass the bill, providing the legal certainty the industry has craved for years. Failure to find a middle ground could leave the U.S. digital asset market in continued regulatory limbo through 2026.

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Source: https://www.reuters.com/sustainability/boards-policy-regulation/white-house-set-meet-with-banks-crypto-companies-legislation-clash-2026-01-28/