The White House is now driving stablecoin legislation talks directly, shifting away from the industry-led format of prior meetings and bringing draft text to the table that attempts to bridge the gap between crypto firms and banks.
According to sources familiar with today’s closed-door session, Thursday’s meeting at the White House Crypto Council was smaller and more focused than last week’s session.
Former Fox Business reporter Eleanor Terrett reported that attendees included representatives from Coinbase (NASDAQ:COIN), Ripple (CRYPTO: XRP), and Andreessen Horowitz, alongside trade groups the Blockchain Association and the Crypto Council for Innovation.
No individual bank representatives attended — the banking industry was represented through the American Bankers Association (ABA), the Bank Policy Institute, and the Independent Community Bankers of America (ICBA).
White House Crypto Council Executive Director Bo Hines’ deputy Patrick Witt brought …