The White House convened a second high-level meeting on February 10, 2026, bringing together crypto industry executives, major banking associations, and policymakers to break a regulatory stalemate over digital asset market structure legislation. The session follows a previous meeting on February 2 and signals renewed bipartisan momentum to advance the Digital Asset Market CLARITY Act and stablecoin oversight rules.
Bipartisan Momentum and Industry Reactions
Blockchain Association CEO Summer Mersinger issued a statement after the meeting:
“Today’s second White House meeting reflects continued, meaningful momentum toward delivering bipartisan digital asset market structure legislation, and we’re encouraged by the progress being made as stakeholders remain constructively engaged on resolving outstanding issues.”She thanked Patrick Witt, the President’s Council of Advisors for Digital Assets, and the Administration for their leadership, adding that the association remains committed to working with policymakers across the aisle to position the U.S. as a global leader in technological innovation.
Ripple’s chief legal officer, Stuart Alderoty, also weighed in, describing the session as constructive:
“Productive session at the White House today – compromise is in the air. Clear, bipartisan momentum remains behind sensible crypto market structure legislation. We should move now – while the window is still open – and deliver a real win for consumers and America.”His remarks underscored industry confidence that lawmakers remain aligned on the need for statutory clarity.
Banks Take Central Role in Stablecoin Rules
According to journalist Eleanor Terrett, who cited banking and crypto sources at the White House meetings, the day consisted of a morning session with crypto representatives, Senate Banking Committee staffers, and members of the White House Crypto Council, followed by a smaller afternoon meeting focusing on stablecoin yield negotiations. The afternoon discussion included Goldman Sachs, J.P. Morgan, Bank of America, Wells Fargo, Citi, PNC Bank, and U.S. Bank, along with trade groups and crypto policy leaders. Banks reportedly presented written prohibition principles on stablecoin rewards, including limited flexibility for exemptions. Talks centered on defining permissible activities: crypto firms sought broader definitions while banks favored narrower limits. The White House urged both sides to reach an agreement by March 1.
CLARITY Act: Progress and Obstacles
The Digital Asset Market CLARITY Act, introduced in May 2025, aims to establish a federal regulatory framework by dividing oversight between the SEC and CFTC, with the latter overseeing digital commodities. The bill has stalled in the Senate. In January, Coinbase CEO Brian Armstrong withdrew support for the Senate version, calling it “materially worse than the status quo” and criticizing provisions said to restrict tokenized equities, decentralized finance, and CFTC authority. The Senate Banking Committee later postponed the markup. However, House Financial Services Committee Digital Assets Subcommittee Chairman Bryan Steil posted on X on Feb 10:
“The CLARITY Act will secure U.S. leadership in digital assets. Let’s get it done.”
The White House’s dual meetings underline the Trump administration’s push to finalize crypto legislation. Industry observers note that the inclusion of major banks in stablecoin discussions signals growing influence of traditional finance in shaping crypto regulation. If parties can bridge remaining differences by March 1, a breakthrough could come in the second quarter. Key sticking points include the definition of digital commodities, stablecoin yield prohibitions, and the scope of DeFi exemptions.