White House Schedules Meeting with Crypto and Banking Leaders on Market Bill

The Biden administration is preparing to hold a pivotal meeting with leaders from the cryptocurrency and banking sectors to discuss the upcoming market structure legislation. This meeting comes in the wake of a postponed vote on the bill, which faced opposition primarily due to its provisions on stablecoin regulation.

Earlier this month, the proposed legislation encountered significant pushback, leading to a delay in the voting process. Concerns were raised about its approach to regulating stablecoins, causing lawmakers and industry stakeholders to voice their apprehensions.