White House Backs Activity-Based Stablecoin Rewards, Urges Bank Consensus on Digital Asset Bill

The White House signaled support for limited stablecoin reward programs tied to specific activities during meetings with banking and crypto industry representatives, while pressing banks to reach consensus on a market structure bill, CoinDesk reports. Sources familiar with the discussions said restricted stablecoin rewards—excluding those on holdings that function like deposit accounts—would be written into the next draft of the Senate's Digital Asset Market Clarity Act if banks agree. At a Thursday meeting, a White House team led by Trump crypto advisor Patrick Witt indicated the activity-based rewards would remain in the bill. Summer Mersinger, CEO of the Blockchain Association, said the talks marked constructive progress on reward-related questions as the bill continues to face Democratic calls for tighter DeFi oversight, restrictions on senior officials' direct crypto involvement, and filling open roles at the CFTC and SEC.