White House Officials Meet with Crypto and Banking Representatives to Discuss Market Structure Bill
In a significant development, officials from the US President Donald Trump’s administration met with representatives from the cryptocurrency and banking industries to discuss the potential inclusion of stablecoin yield in the market structure bill currently being debated in the Senate. This meeting marks a crucial step towards creating a level playing field for digital assets in the US.
The meeting, which was described as “constructive, fact-based” and “solutions-focused” by White House crypto adviser Patrick Witt, aimed to address key issues that lawmakers need to resolve before proceeding with the markup. These issues include tokenized stocks, decentralized finance, ethics for elected officials investing in crypto, and stablecoin rewards. According to Carbone, “Today’s meeting at the White House was exactly the progress needed to find a solution to one of the biggest problems blocking the next steps in the market structure legislative process.”
“We […] are optimistic that a level playing field for digital assets in the US can be created as we continue to delve into the policy details,” Carbone added. The meeting was attended by representatives from the Crypto Council for Innovation, the American Bankers Association, and the Blockchain Association, among others. 
Source: The Digital Chamber
Advances in Market Structure and Regulatory Framework
The Senate Agriculture Committee recently passed its version of the market structure bill, although without the support of Democrats who objected to elected officials owning digital assets. The Senate Banking Committee, which oversees the Securities and Exchange Commission’s regulation of digital assets, and the Agriculture Committee, which handles efforts related to the Commodity Futures Trading Commission, will likely need to consolidate their bills before the full chamber can take a vote.
The meeting took place amidst a partial government shutdown in the US, which has now entered its third day. The shutdown was caused by lawmakers’ failure to reach an agreement on a funding bill, with many Democrats calling for changes to immigration enforcement policies. Despite these challenges, the White House and industry representatives remain committed to finding a solution to the market structure bill. For more information, visit Cointelegraph.
