White House to resume talks on stablecoin interest—banks now at the table

The White House is set to reopen discussions on paying interest on stablecoins. This time, representatives from the banking sector are expected to join the talks in person, drawing market attention to whether the debate can move forward.

Eleanor Terrett, host of Crypto America, wrote on X on the 6th (local time) that “the White House’s next discussion on stablecoin interest is scheduled for Tuesday,” adding that “not only industry groups but also banking representatives are expected to attend directly.”

While the talks will again be led by working-level officials rather than senior policymakers, they are seen as meaningful because bank-side participants will be involved directly—unlike previous sessions, which critics said merely reaffirmed the gap between the industry and banks.

Whether to allow interest payments on stablecoins is one of the key issues in the U.S. digital-asset market structure legislation (the CLARITY Act). Banks have maintained that permitting interest or reward-like returns on stablecoins could trigger deposit outflows and destabilize the financial system. The industry, meanwhile, argues that an outright ban on reward structures would weaken the competitiveness of the U.S. stablecoin sector.

Markets are watching whether the outcome of the White House talks could influence, at least in part, upcoming deliberations at the Senate Banking Committee and the direction of regulation. Terrett said “the attendee list and additional details will be released soon.”