Quick Breakdown
- The White House will host crypto, banking, and lobbying leaders on February 2 to resolve disputes over the CLARITY Act.
- Stablecoin interest and reward treatment remain the biggest sticking point in negotiations.
- Coinbase’s withdrawal of support delayed the bill, but industry pressure for fast passage is growing.
The White House is set to convene senior executives from Coinbase, major banks, and crypto lobbying groups on February 2, 2026, as efforts intensify to revive the stalled CLARITY Act, a landmark bill aimed at defining the structure of US crypto markets.
The White House will host crypto and bank execs to resolve the Clarity Act deadlock. Debate over interest rates on stablecoins, including $USDT and $USDC, may affect deposits, crypto yields, and U.S. market leadership. pic.twitter.com/kgMbnK2D1F
— 36crypto (@36Crypto2) January 29, 2026
According to a report first published by Reuters, the meeting will be organized by the administration’s crypto council and bring together representatives from multiple industry trade groups. The goal is to resolve ongoing disagreements that have slowed progress on the legislation.
People familiar with the discussions said a central point of contention remains how the bill handles interest and reward mechanisms tied to dollar-pegged stablecoins held by users. Despite nearly two weeks of negotiations, stakeholders have yet to reach a compromise. Sources added that if talks fail to make headway by Monday, the White House summit could be postponed.
Coinbase’s role and industry pushback
Bloomberg reported that a Coinbase representative is expected to attend the meeting, marking a notable development after Coinbase CEO Brian Armstrong withdrew public support for the CLARITY Act in mid-January.
Armstrong’s move triggered an immediate response on Capitol Hill, with Senate Banking Committee Chairman Tim Scott announcing a delay to the bill’s markup shortly afterwards. Since then, expectations around the legislation’s timeline have shifted, with industry watchers now anticipating action no earlier than late February or March.
Still, pressure is mounting from within the crypto sector. Patrick Witt, Executive Director of the President’s Crypto Council, has urged lawmakers to move swiftly on implementation. Meanwhile, Bitwise CIO Matt Hougan cautioned this week that failure to pass comprehensive rules could push the digital asset industry into a prolonged “prove-it” phase.
Senate developments and stablecoin compromise talks
On a parallel track, the Senate Agriculture Committee has introduced its own version of a crypto market structure bill. The committee recently rescheduled its markup for Thursday after a winter storm disrupted proceedings in Washington, D.C.
Industry advocacy groups have welcomed renewed engagement from the White House. The Blockchain Association recently praised the administration for facilitating dialogue between opposing stakeholders, particularly on the sensitive issue of stablecoin rewards.
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