Trump Administration Reports Positive Outcome From White House Crypto Banking Meeting

• White House officials said the crypto banking meeting stayed factually focused and aimed at practical solutions.

• The Trump administration signaled progress on crypto policy talks as stablecoin yield remains the key open issue.

• Officials want revised language soon to restart Senate action on the digital asset market structure bill.

Trump administration officials reported progress after a White House meeting between crypto firms and banking leaders focused on market structure policy.

Trump’s executive director said that today’s White House meeting between crypto and banking leaders went well.

He explained that the discussion was clear, focused on real facts, and aimed at finding practical solutions. pic.twitter.com/iZsCPRCOrd

— MANDO CT 🇮🇪 🇦🇪 🇬🇧 (@XMaximist) February 3, 2026

The discussion centered on resolving open issues tied to the Digital Asset Market Clarity Act. The meeting followed weeks of stalled momentum in the Senate. Stablecoin yield remains the most sensitive policy issue. Officials want clearer language before the bill returns to markup. The administration views timing as critical for Senate progress.

White House Describes Meeting as Productive

The executive director under Donald Trump described the meeting as successful. He said participants stayed focused on facts and policy details. The discussion avoided political framing and broad rhetoric. Instead, attendees reviewed specific provisions blocking legislative progress. The administration framed the session as problem solving.

Crypto executives and banking representatives met for more than two hours. The group reviewed stablecoin rewards and related risks. Officials emphasized practical outcomes over ideological positions. The White House encouraged continued engagement between both sides. Participants left with clear expectations for next steps.

Talks Focus on Facts and Policy Mechanics

The executive director said the conversation stayed grounded in data. Participants examined how stablecoin yield could affect markets. Banking groups outlined concerns tied to deposits and lending. Crypto firms explained how rewards function within existing models. Officials guided the discussion toward workable guardrails.

The administration pushed both sides to narrow differences quickly. It wants language that protects financial stability while supporting innovation. Attendees discussed oversight roles for regulators. They also reviewed how yield rules interact with market structure. The focus remained on implementable solutions.

Industry Leaders Signal Willingness to Engage

Crypto advocacy groups attended alongside banking trade associations. The meeting united companies that tend to fight in the media. Although there were disagreements, the participants remained active during the session. Both sectors have participated strongly in the white house. Officials believe this improves chances for compromise.

The executive director said the meeting created momentum. He noted that clarity on stablecoin yield could unlock broader progress. Lawmakers paused the Senate Banking Committee markup in January. That delay raised concerns about the bill’s timeline. The administration wants revised proposals ready soon.

Senate Pressure Builds as Clock Advances

The CLARITY Act passed the House last year. However, Senate action remains incomplete. The Banking and Agriculture Committees must align their bills. A full Senate vote on the crypto market structure bill, also called CLARITY Act or FIT21, is expected in late Feb or March 2026. Stablecoin yield continues to slow that process. Officials fear extended delays could derail the effort.

The White House sees coordination as essential. It plans to keep hosting focused policy discussions. Officials want stakeholders to return with concrete revisions. The administration believes fact based talks can bridge gaps. It expects further meetings as negotiations continue.