Overview
- The White House plans a Monday meeting with bank and crypto representatives in Washington, with David Sacks set to host, according to people familiar with the talks.
- The central dispute centers on whether platforms may pay yield or rewards on stablecoin balances, which stakeholders will try to negotiate.
- The Senate Agriculture Committee advanced its portion of the market-structure package on a 12–11 party-line vote last week.
- The Senate Banking Committee has twice postponed a markup, including after Coinbase CEO Brian Armstrong rejected the latest draft for curbing stablecoin rewards.
- Regulators are moving in parallel as SEC Chair Paul Atkins and CFTC Chair Mike Selig coordinate publicly and the CFTC pursues formal rulemaking on prediction markets and tokenized collateral.