Things are moving in Washington just not fast enough.
At the White House this week, banks and crypto policy experts sat down again for another round of talks. The focus? Stablecoin yields and the broader market structure bill that’s been stuck in limbo for months.
According to people in the room, there was progress. The tone was better. The walls weren’t as high. But let’s be clear no deal yet.
This was the third major attempt to get both sides aligned. Bank representatives and crypto insiders went back and forth, trying to untangle one of the biggest friction points in U.S. digital asset regulation: whether and how stablecoins should offer yield, and what that means for traditional finance.
The problem is bigger than just stablecoins. The stalled compromise is also holding up the broader crypto market structure legislation the framework that could finally define how digital assets are regulated in the U.S.
So where does that leave us?
Closer than before, but still not across the finish line.
There’s momentum. There’s dialogue. But until banks and crypto find common ground, the legislative breakthrough the industry has been waiting for remains just out of reach.
Washington is talking. The market is watching.