A fresh round of discussions on crypto regulation is set to take place at the White House tomorrow, bringing the CLARITY Act back into focus. Staff-level officials will meet to address key issues around stablecoins, particularly the debate over whether companies should be allowed to offer interest to holders. The meeting will also include senior policy representatives from major banks for the first time, signaling growing urgency to find common ground.
The bill has faced repeated delays due to disagreements between the banking sector and crypto firms, with both sides divided over stablecoin yields and their potential impact on traditional deposits. If tomorrow’s meeting helps bridge the gap between crypto and banks, it could finally move the CLARITY Act closer to final passage.
How Will White House Meeting Help CLARITY Act?
Significantly, the White House meeting, scheduled for February 10, 2026, is expected to have a crucial impact on the CLARITY Act. According to the latest reports, staff members from government agencies, along with representatives from major banks and policy groups, are expected to discuss the biggest issues that have been slowing the bill down.
In his latest X post, industry analyst Crypto Rover shared insights on the upcoming White House meeting. He wrote,
“The White House has set an end of February deadline for lawmakers and industry leaders to resolve their differences, because the entire market structure bill is currently stuck on one key issue.”
According to him, the core problem that resulted in the multiple delays in the CLARITY Act is stablecoin yield. He added,
“The biggest disagreement is simple on the surface: Should stablecoin holders be allowed to earn yield? Because the implications of this are massive. Banks strongly oppose it. Crypto firms strongly support it. And this single issue has delayed the most important crypto bill the U.S. has tried to pass so far.”
The broader effort to pass the CLARITY Act has been underway for months. The House passed the market structure bill in July 2025 with bipartisan backing. The Senate committee is still working on its decisions. However, discussions on the stablecoin yields reportedly delayed the passage, as the industry split on opinions.
Why are Banks Opposing the Bill?
Notably, banks are worried that if stablecoin issuers or companies are allowed to offer interest, people might move their money out of regular bank accounts, ultimately affecting deposits and lending. As Crypto Rover noted, “Traditional banks believe yield-bearing stablecoins could pull deposits out of the banking system.”
Banking groups believe that since savings and checking accounts offer very low returns, higher incentives from stablecoins could attract large amounts of deposits over time. Some industry voices have warned that trillions of dollars in deposits could gradually move out of the banking system if yield-based stablecoins become widely adopted.
On the other hand, crypto firms believe that offering yield is an important part of their business model, which helps them stay competitive. Some companies have indicated that a complete ban on stablecoin yield would be unacceptable, even if it means delaying the CLARITY Act further. This difference in priorities has made it difficult for both sides to reach a common position.