Officials from the Trump administration are meeting with banking and crypto industry executives to discuss the stalled CLARITY Act. The bill clarifies how digital assets are regulated in the US, specifically addressing interest on stablecoins. Banks fear stablecoin yield could lead to a “bank run,” while crypto companies argue against third-party yield restrictions. Some prominent crypto companies support the bill, while others oppose it. The debate continues.

Read more at Cointelegraph: White House Convenes Banks and Crypto Companies Amid CLARITY Act Deadlock