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Sujha Sundararajan
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The White House is convening executives from Coinbase, banks, and crypto lobbying groups on February 2, 2026, to resolve disputes over the stalled CLARITY Act, a key crypto market structure bill.
First reported by Reuters, the summit will be hosted by the administration’s crypto council, and is expected to meet executives from several trade groups.
Further, sources familiar with the matter told the publication that the meeting will focus on how the bill treats interest and rewards on dollar-pegged stablecoins held by customers.
A compromise on the proposal has still not been reached, despite nearly two weeks of negotiations, insiders noted. If no agreement is reached by Monday, the meeting is likely to be delayed, they added.
Coinbase Rep to be Present at White House Meeting
Bloomberg reported on Thursday that a representative from Coinbase will also be present at the said gathering.
The meeting arrives after the work on the crypto bill – called the CLARITY Act – stalled due to Coinbase CEO Brian Armstrong, who publicly withdrew support for the draft legislation in mid-January.
Hours after Coinbase pulled out, Committee Chairman Tim Scott said that the markup of the legislation would be postponed to a new date.
Cryptonews reported last week that the long-awaited landmark crypto market structure bill would be delayed until late February or March.
That said, key crypto industry players have been pushing for the urgent passage of the legislation. Patrick Witt, White House Executive Director of the President’s Crypto Council, called for immediate implementation of the bill.
Besides, Bitwise CIO Matt Hougan on Wednesday warned that failure to pass comprehensive regulation would force digital assets into what he described as a “show me” period.
Senate Agriculture Committee Crypto Bill Progress – Here’s What Next
Separately, the Senate Agriculture Committee released its own version of that market structure bill. The committee has rescheduled its crypto market structure markup for Thursday, due to a winter storm in Washington, D.C.
Additionally, digital-asset advocacy group Blockchain Association recently thanked the White House for “bringing stakeholders from both sides of the table to work toward a compromise on stablecoin rewards.”
“Any lasting and effective market structure legislation must reflect bipartisan engagement and collaboration on both sides of the aisle,” said CEO Summer Mersinger in a statement released last week. “We strongly support lawmakers working together to deliver a solution that provides regulatory clarity, protects consumers, and supports responsible innovation.”
