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Crypto Bill stalls as banks reject White House compromise
Cryptocurrency legislation faces setback as banks reject White House compromise, heightening uncertainties over digital asset regulations.
Crypto legislation talks stalled as banks reject White House compromise, heightening uncertainty over bill passage this year.
Talks over landmark cryptocurrency legislation have hit a new impasse after banks rejected a proposed compromise from the White House. The setback has thrown fresh uncertainty over whether the bill can pass this year.
President Donald Trump has criticised major banks, accusing them of trying to undermine the legislation as negotiations intensify. The proposed framework aims to create clearer rules for the fast-growing crypto sector.
A key sticking point is stablecoin rewards, with banks pushing to restrict certain activities while lawmakers debate how far regulation should go. The stalemate highlights deep divisions between financial institutions and policymakers over the future of digital assets.
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