White House-hosted meeting between banks and the crypto industry resumes… “Progress, but no compromise yet”
Summary
- At a White House-hosted meeting, the banking sector and the digital-asset (cryptocurrency) industry discussed related legislation, but no concrete compromise was reached, according to reports.
- Paul Grewal, Coinbase’s chief legal officer (CLO), said there has been progress but no compromise yet, adding that the talks were constructive and the atmosphere cooperative.
- The session was the third meeting to discuss the market structure bill for digital assets—the CLARITY Act—and reports said the possibility of continued consultations has been raised.
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A White House-hosted meeting bringing together banking and digital-asset (cryptocurrency) industry representatives to discuss related legislation has resumed, but no concrete compromise has yet been reached, according to reports.
On the 19th (local time), Paul Grewal, Coinbase’s chief legal officer (CLO), wrote on X (formerly Twitter) that “there has been progress, but a compromise has not yet emerged.” He added, however, that “the dialogue was constructive and the atmosphere was cooperative.”
The session marked the third meeting to discuss the ‘CLARITY Act,’ a digital-asset market structure bill, aimed at narrowing differences between the banking sector and the digital-asset industry. While no specific agreement was reached, the possibility of further talks has been raised.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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