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Market rules remain in place Digital currency It is struggling to settle in the US Senate, without reaching a consensus on whether cryptocurrency exchanges should be allowed to offer rewards for holding stablecoins.
The White House Eisenhower Executive Office Building hosted a meeting on Monday, bringing together groups of cryptocurrency companies and exchange representatives, as well as Wall Street banks.
According to people familiar with the discussions, the White House issued a new directive to the participants: reach a stablecoin investment by the end of this month.
Trade groups say White House meeting was “an important step”
According to at BloombergThe digital trade group Digital Chamber published a memo, noting that bank officials and those involved in the digital economy reviewed existing concepts and highlighted areas of disagreement.
The memo described the session as ‘exactly what it needs to be going forward’, although no threat was reached on the stablecoin’s yield.
‘Inaction is not an option, and we are committed to working hard and working hard to ensure that producers or consumers who see the digital economy as the foundation of their financial future are not punished,’ CEO Cody Carbone said in a statement.
In another example, the CEO of the Association explained… BlockchainSummer Mersinger, on Monday called it ‘an important step in the effort to bring bipartisan digital asset market legislation to the president’s desk.’
‘It was an honor to represent our 100+ members on this important issue,’ It is written on the X platform.
The Blockchain Association said in a separate document that the discussion is exactly what is needed to create opportunities, to build cooperation, and to ensure that Congress can provide clear laws for cryptocurrencies.
After the meeting, Patrick Witt, executive director of the President’s Council of Advisors on Digital Assets, said the meeting was ‘inspiring, authentic, and very important, about solutions.’
“Over the past few months, we have made breakthroughs on many political issues that seemed intractable,” he said. ‘I have faith that we will be able to resolve this issue again.’
Last month, a representative of the White House called for the regulation of the cryptocurrency market. He said it is unreasonable to expect a multi-billion dollar business to operate without a proper management plan.
A note The White House continues to discuss the draft law to regulate the digital currency market appeared for the first time Cryptonews Arabic.
