Feb. 2 at 10:04 PM
$CRCL Ai summary:The White House meeting held today, focused on resolving a legislative impasse over the Digital Asset Market Clarity (CLARITY) Act.
Key Outcomes and Results
Constructive Progress: Participants described the talks as "constructive" and "exactly the kind of progress needed" to move the bill forward in the Senate.
Resolution on Yields: The primary focus was a dispute over whether stablecoin issuers or third-party exchanges can offer interest or "rewards" to customers. Banks have pushed for a ban on these yields, citing risks of up to
$500 billion in deposits
Legislative Context
The GENIUS Act (2025): The meeting follows the implementation of the GENIUS Act signed in July 2025, which established the initial framework for payment stablecoins but left open the controversial "rewards" loophole currently being debated.
