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White House Backs Tying Stablecoin Rewards to Transactions in Third Crypto-Bank Talks

The White House hosted a third in-person session on Thursday with crypto industry representatives and banking lobbyists to refine stablecoin provisions in a broader market-structure bill, posts by Ripple's chief legal officer and Coinbase's legal head show. A proposal under discussion would allow third parties such as exchanges to offer stablecoin rewards only when linked to transaction activity rather than idle balances, with participants citing progress but no agreement. Banks plan to reconvene to gauge support for the trade-off as the Senate path for the market-structure bill remains uncertain after a House-passed CLARITY Act variant.
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