White House to Host Discussions with Crypto and Banking Executives on Delayed Digital Asset Markets Bill

The White House will gather executives from Coinbase, banks, and crypto lobbying groups on February 2, 2026, to address disagreements surrounding the stalled CLARITY Act, a significant bill aimed at establishing a clear market structure for cryptocurrencies.

Key Takeaways

The White House is organizing a meeting with crypto and banking leaders to discuss the stalled CLARITY Act.
Focus will be on how the bill handles interest and rewards linked to dollar-pegged stablecoins.
Coinbase's backing was withdrawn by its CEO, leading to delays in the legislation.
The Senate Agriculture Committee is developing its own version of the crypto market structure bill.

White House US crypto bill

White House Summit to Discuss CLARITY Act

According to a report from Reuters, the White House summit will be organized by the administration’s crypto council, bringing together executives from various trade groups to facilitate discussions.

Sources close to the event mentioned that the primary topic will be the bill's treatment of interest and rewards on stablecoins that are pegged to the dollar and held by customers. Despite nearly two weeks of negotiations, a compromise regarding the proposal has yet to be reached. Insiders have indicated that if an agreement is not achieved by Monday, the meeting could be postponed.

Coinbase Representation at the Meeting

Bloomberg reported that a representative from Coinbase will attend the upcoming meeting. This session is critical, as efforts to move forward with the CLARITY Act have been hindered since Coinbase CEO Brian Armstrong publicly retracted his support for the draft legislation in mid-January. Following Coinbase's withdrawal, Committee Chairman Tim Scott announced that the markup of the legislation would be delayed to a later date.

Cryptonews also highlighted that the anticipated crypto market structure bill will be on hold until late February or March. Prominent figures in the crypto industry are advocating for the rapid passage of this legislation. Patrick Witt, the Executive Director of the President’s Crypto Council, urged for the immediate implementation of the bill. Additionally, Bitwise CIO Matt Hougan issued a warning that without comprehensive regulations, the digital asset market may enter a difficult "show me" period.

Senate Agriculture Committee Developments

In a separate but related matter, the Senate Agriculture Committee has introduced its own version of the market structure bill. The committee has postponed its markup session for the crypto market structure bill to Thursday due to inclement weather in Washington, D.C.

The Blockchain Association, a digital asset advocacy group, recently expressed appreciation to the White House for facilitating discussions among various stakeholders to reach a compromise regarding stablecoin rewards. The CEO, Summer Mersinger, emphasized in a statement that effective market structure legislation must involve bipartisan engagement and cooperation. She reinforced the importance of lawmakers working collaboratively to deliver solutions that ensure regulatory clarity, protect consumers, and foster responsible innovation.