The White House convened another discussion bringing together representatives from the cryptocurrency sector and the banking industry to address differences over a digital asset market structure bill currently under review in the US Senate. A central point of debate remains the treatment of stablecoin yield provisions.

In an interview with Fox News on Thursday, Ripple CEO Brad Garlinghouse confirmed that the company’s chief legal officer, Stuart Alderoty, participated in the meeting with White House officials earlier that day. His remarks followed reports that the Trump administration was continuing negotiations after its Feb. 10 meeting on the CLARITY Act, legislation designed to define regulatory structure for digital assets. That earlier session did not produce an agreement on stablecoins.

Approved by the House of Representatives in July, the CLARITY Act has faced repeated delays in the Senate. The process has been slowed by two government shutdowns — including a 43-day shutdown in 2025, the longest in US history — as well as Democratic concerns about conflicts of interest and lobbying efforts related to decentralized finance, tokenized equities and stablecoin yield provisions.

The latest White House meeting followed a separate gathering at President Donald Trump’s Mar-a-Lago club, where policymakers — including CFTC Chair Michael Selig and two US senators — met with crypto industry representatives at a forum hosted by World Liberty Financial, a firm founded by the president’s sons and associates. Ohio Senator Bernie Moreno stated during the event that he anticipated the CLARITY Act would pass Congress and be ready for signature “by April.”

Ji Hun Kim, CEO of the Crypto Council for Innovation, described the Thursday talks as “constructive,” saying they “built upon previous meetings to establish a framework that serves American consumers while reinforcing US competitiveness.”

Legislative uncertainty in the Senate

While the Senate Agriculture Committee advanced its own version of a digital asset market structure bill in January, progress in the Senate Banking Committee has stalled. Opposition from Coinbase CEO Brian Armstrong has contributed to the delay.

Armstrong has criticized provisions that would limit rewards on stablecoin holdings, arguing they could shift authority toward the Securities and Exchange Commission at the expense of the Commodity Futures Trading Commission. He has also raised concerns about how the legislation addresses tokenized equities.

The Senate Banking Committee had planned to mark up its version of the bill in January but postponed the session indefinitely after Armstrong indicated the exchange could not support the proposal in its current form. As of Thursday, a new date for the markup had not been scheduled.

Sources:

https://cointelegraph.com/news/ripple-ceo-white-house-meeting-crypto-banking-clarity

https://www.congress.gov/bill/119th-congress/house-bill/3633/text

https://www.youtube.com/watch?v=-yyr6IcN8f8