In a recent development, the White House hosted another significant meeting involving representatives from both the cryptocurrency and banking sectors. This session aimed to clarify differences regarding stablecoin yield provisions as part of a market structure bill currently being evaluated in the US Senate.

In an interview with Fox News, Ripple’s CEO Brad Garlinghouse confirmed that Stuart Alderoty, Ripple’s Chief Legal Officer, participated in discussions with White House officials earlier that day. This meeting follows past efforts, particularly from the Trump administration, to address similar issues.

Garlinghouse’s insights came after rumors suggesting that the Trump administration would revive its discussions on the CLARITY Act, a legislative proposal intended to reshape the digital asset market. The previous meeting reportedly did not lead to any agreements regarding stablecoins.

The CLARITY Act has encountered various delays since its passage in the House of Representatives in July, facing challenges like government shutdowns and concerns about decentralized finance and token-specific issues.

Additionally, the day prior, key policymakers, including Michael Selig, Chair of the CFTC, and Bernie Moreno, an Ohio Senator, convened at Donald Trump’s Mar-a-Lago club for a forum to deliberate these important issues. Moreno expressed optimism regarding the bill’s passage through Congress by April.

“This discussion represents a constructive continuation from prior meetings and aims to benefit US consumers while bolstering competitiveness,” stated Ji Hun Kim, CEO of the Crypto Council for Innovation, highlighting the importance of ongoing dialogue in this domain.

Despite progress, the Senate Banking Committee has yet to reschedule discussions on the digital asset market structure legislation, which has faced opposition from key figures such as Brian Armstrong, CEO of Coinbase, regarding certain provisions.