CLARITY Act Talks: Coinbase and Banks Meet at White House to Resolve Dispute
The CLARITY Act could move forward as crypto and banking leaders meet at the White House on Monday. The White House crypto...
Quick overview
- The White House is hosting a summit to discuss the CLARITY Act with leaders from the crypto and banking sectors.
- Key participants include Coinbase, Ripple, Kraken, and major banks like the American Bankers Association.
- The main focus is on stablecoin yields and customer rewards, aiming to resolve conflicts between the two industries.
- The meeting's outcome could expedite the legislative approval process for the CLARITY Act amid a partial government shutdown.
The CLARITY Act could move forward as crypto and banking leaders meet at the White House on Monday. The White House crypto council is bringing them together to address disagreements about stablecoin yields and other incentives in the stalled bill.
Expected crypto participants include Coinbase, Ripple, Kraken, and the Blockchain Association. Banks will be represented by the American Bankers Association and other large financial firms. The main topics are how the CLARITY Act handles interest on stablecoins and what rewards companies can give customers.
The summit shows ongoing efforts to resolve conflicts between the crypto and banking industries. This includes public disagreements, like the one between Coinbase CEO Brian Armstrong and JPMorgan CEO Jamie Dimon at Davos.
Industry Leaders Call for Compromise
The White House is showing urgency to move the bill forward. Patrick Witt, an advisor to former President Trump, said the CLARITY Act is bound to pass and urged everyone to find a solution.
🚨 JUST IN: Citi says momentum is building for the CLARITY Act, but fights over DeFi could delay passage of the crypto bill. pic.twitter.com/wu4UFgdIH3
— The Daily Block (@thedailyblock) January 31, 2026
Summer Mersinger, CEO of the Blockchain Association, confirmed she will attend and highlighted the following points:
- Cooperation with policymakers across party lines
- Establishing lasting market structure legislation
- Maintaining the U.S. as a global crypto hub
The summit’s goal is to balance clear rules for banks with ongoing growth for crypto companies. Experts say finding a compromise could help Congress approve the bill faster.
Government Shutdown and Bill Timing
The meeting is happening during a partial U.S. government shutdown because Congress missed the Friday deadline for a spending bill. Some federal agencies are closed for now, but the Senate has approved funding through September.
The House, currently on recess, is expected to approve the package early this week. With President Trump’s endorsement, lawmakers could soon clear the path for the CLARITY Act. Analysts say aligning the spending resolution with the bill’s progress may be critical for shaping U.S. crypto regulations.
Key Points:
- White House hosts Monday crypto-bank summit
- Coinbase, Ripple, Kraken, and major banks involved
- Focus on stablecoin yields and customer rewards
- Partial government shutdown may affect timing
- Compromise could speed up legislative approval
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