The White House will meet with representatives from crypto companies and traditional banks in the coming days to work on concerns about stablecoin dividends in the crypto market structure bill, people familiar with the matter told CoinDesk.
The legislation, which was delayed earlier this month, has faced opposition over how it proposes to regulate stablecoin rewards — particularly provisions that could limit interest-bearing or reward-related features attached to the dollar-pegged tokens. Banks have resisted letting stablecoin issuers or their exchange partners offer rewards, warning that it risks deposit flight. The crypto industry has said that offering these rewards will benefit end users.
Reuters first reported that the meeting was to take place in a Wednesday article.
The meeting is called by the White House’s internal crypto policy council, a group that includes officials from the National Economic Council, the Treasury and other agencies. The aim is to collect feedback directly from market participants on how to solve problems in the bill.
At the center of the dispute is how stablecoin rewards — such as returns passed on to users from reserve assets — should be treated under the law. Wall Street bankers have pushed back hard against crypto dividend products, convincing several lawmakers from both parties that these offerings pose a competitive threat to the traditional banking system.
In a statement, Blockchain Association CEO Summer Mersinger said the crypto lobbyist group would attend the meeting and thanked White House AI and Crypto Czar David Sacks and Patrick Witt, the director of the White House Crypto Council.
“Congress has a clear opportunity to move past this moment and deliver durable, bipartisan rules of the road that protect consumers, promote responsible innovation, and ensure that the United States remains a global leader in the next generation of financial and internet technology,” she said in the statement.
The Crypto Council for Innovation, another trade group, also confirmed it would attend the meeting.
UPDATE (January 28, 2026, 20:15 UTC): Adds Blockchain Association statement.
UPDATE (January 28, 20:56 UTC): Adds CCI involvement, clarifies first graph.
