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#CryptoMarketPullback
The White House has called for a joint meeting of the crypto and banking sectors
The White House will host a meeting next week attended by senior executives from the banking and cryptocurrency sectors. According to sources familiar with the matter, the delays in advancing crypto regulations in the Senate are the main reason behind this initiative.
The summit, organized by the White House's crypto council, will focus on the issue of stablecoin rewards, which has become a significant obstacle in the Senate Banking Committee. In recent months, tensions have escalated between banks and crypto firms over this issue. Groups representing the banking sector have objected to the GENIUS Act passed by Congress during the summer.