A White House meeting aimed at advancing U.S. crypto market structure legislation turned to a central point of disagreement: stablecoin rewards. Industry representatives and legal officers described progress on broad goals, but they emphasized that stablecoin yield features remain unresolved.
Dan Spuller, co-founder of Everstake and a participant in the session, said the follow-up meeting shifted from broad discussion to “serious problem-solving.” He noted that the focus narrowed to the remaining sticking point: how stablecoin rewards should be treated in the emerging legislative framework. According to Spuller, banks arrived with “broad prohibitive principles” rather than specific edits to the draft bill text. That stance contrasts with crypto firms seeking clearer allowances for consumer incentives.
Spuller acknowledged that the Trump administration is intent on continuing stakeholder talks. He thanked Patrick Witt, Blockchain Association members, and representatives from Coinbase, Ripple, a16zcrypto, and the Crypto Council for American Innovation for participating. The implication is that broader support and discussion persist even as differences remain.
Industry Voices Urge Swift Bipartisan Action
Ripple’s chief legal officer, Stuart Alderoty, also weighed in. He described the session at the White House as “productive” and said “compromise is in the air.” Alderoty called for lawmakers to act now while bipartisan momentum remains behind what he called “sensible crypto market structure legislation.” His comments reflect industry optimism that a deal is possible if political will stays aligned.
The screenshot shared by Spuller contains a statement attributed to the Blockchain Association’s CEO, Summer Mersinger. It framed the second White House meeting as evidence of ongoing momentum toward bipartisan legislation and constructive engagement among stakeholders. Mersinger expressed appreciation for administrative leadership and reiterated a commitment to work with policymakers to translate discussions into legal text.
Despite these positive signals, multiple news outlets reported that the stablecoin rewards issue continues to divide traditional banking groups and crypto firms. Banks argue that broad restrictions are needed to protect deposit bases and prevent market risks. Meanwhile, crypto representatives warn that overly strict limits on stablecoin incentives could hinder competition and innovation.
As talks continue, supporters from both sectors emphasize sustained engagement and negotiations to shape a final legislative outcome.
