As anticipation builds around the long-awaited digital asset market structure legislation known as the CLARITY Act, negotiations between the crypto industry and the banking sector appear to be resuming this week.
White House eyes new crypto talks
According to Crypto In America reporter Eleanor Terrett, the White House is weighing the possibility of holding another meeting as early as Thursday to address one of the most controversial elements of the bill: the stable yield of the coin.
Citing two sources familiar with the discussions, Terrett reported that administration officials were considering summoning representatives from banks and crypto companies to resume talks. However, she noted that no final decision has been made and the plans have yet to be confirmed.
This potential meeting follows a series of previous discussions that ended without resolution. Terrett reported On Monday, last Tuesday’s meeting at the White House – which included policymakers from major banks, crypto companies and trade associations – concluded without a deal.
According to his information, bank representatives circulated a one-page document entitled “Principles of prohibition of return and interest”. The document argued that stablecoins should not offer yield or rewards, drawing a hard line that has become a central sticking point in the broader negotiations.
Despite the setback, Ripple CEO Brad Garlinghouse has publicly expressed confidence that the crypto and banking industries will eventually iron out their differences, paving the way for the legislation to be finally approved and signed by President Donald Trump.
Ripple CEO Says “Clarity is Better Than Chaos”
In the comments reported On The Street on Tuesday, Garlinghouse suggested that once the remaining disputes are resolved, the CLARITY Act could quickly be signed into law. He even hinted at a potential timeline, signaling the urgency of the process.
Garlinghouse called on the crypto community to rally behind the legislation rather than wait for a flawless outcome. He argued that progress should not be hampered by disagreements over specific provisions.
“I think it’s very clear that clarity is better than chaos,” he said, emphasizing that regulatory certainty would benefit the entire industry. While acknowledging that the CLARITY Act is not perfect, Garlinghouse argued that no piece of legislation ever is.
Garlinghouse went further, estimating that there is an 80% chance that the planned crypto market structure bill will be signed into law by the end of April.
Featured image from OpenArt, chart from TradingView.com
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