The White House will meet with cryptocurrency and banking executives to discuss the Market Structure Act

Things to Know:

The White House plans to meet with executives from major crypto companies and traditional banks to discuss the struggling digital asset market structure bill.

The legislation has faced resistance due to its proposed rules on stablecoins, particularly restrictions on interest-bearing or reward-linked functions related to tokens pegged to the US dollar.

The summit is hosted by the White House Cryptocurrency Policy Committee.

Sources familiar with the matter told CoinDesk that the White House will meet in the coming days with representatives from crypto firms and traditional banks to collaborate on the stablecoin yield issues in the market structure bill.

The legislation, which was delayed earlier this month, encountered resistance over its proposed regulation of stablecoin rewards—especially provisions that could limit interest or reward functions related to dollar-pegged tokens. Banks oppose allowing stablecoin issuers or their exchange partners to offer rewards, warning of potential deposit outflows. The crypto industry argues that offering these rewards would benefit end users.

The meeting is scheduled for Wednesday, according to reports.

The gathering is convened by the White House’s Cryptocurrency Policy Committee, which includes officials from the National Economic Council, the Treasury Department, and other agencies. The purpose is to gather direct feedback from market participants to address contentious issues within the bill.

The core controversy revolves around how stablecoin rewards—such as yields passed to users from reserve assets—should be treated under the law. Wall Street bankers strongly oppose crypto yield products and have successfully persuaded several bipartisan lawmakers that these products pose a competitive threat to the traditional banking system.

Summer Mersinger, CEO of the Blockchain Association, stated in a release that the crypto lobbying group will participate in the meeting and thanked David Sacks, the White House’s AI and crypto affairs lead, and Patrick Witt, director of the White House Crypto Committee.

“She stated in the release: ‘Congress has a clear opportunity to go beyond the current impasse and establish durable, bipartisan rules to protect consumers, promote responsible innovation, and ensure the US maintains its global leadership in the next generation of financial and internet technologies.’”

Another industry organization, the Crypto Innovation Committee, also confirmed its participation in the meeting.

Update (January 28, 2026, 20:15 UTC): Added Blockchain Association statement.

Update (January 28, 20:56 UTC): Included participation from the China Consumers Association and clarified the content of the first paragraph.