White House steps in as key crypto bill stalls

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Despite the industry’s growing political firepower, its top legislative priority has stalled. The CLARITY Act, a sweeping bill to define US digital asset market structure, was pulled from a Senate Banking Committee vote after disagreements between crypto firms and banks over stablecoin yield provisions.

The White House has now stepped in to broker a compromise. President Trump’s crypto policy council is set to convene crypto executives and banking leaders, with major trade groups confirming participation. The move underscores the administration’s urgency to revive the bill ahead of the midterms.

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fairshake matching its entire 2024 spend a year early signals the industry expects regulatory fights to get nastier, not calmer