TechFlow News: On January 29, Reuters reported that the White House will hold a closed-door meeting next Monday with executives from the banking and cryptocurrency industries to discuss pathways for advancing key cryptocurrency legislation, which has stalled due to disagreements between the two sectors. The meeting, hosted by the White House Crypto Council, is expected to include representatives from multiple industry associations and will focus on provisions in the bill concerning interest payments and other returns to users on stablecoins (tokens pegged to the U.S. dollar). According to the report, this dialogue may help facilitate a compromise between the parties and reflects the Donald Trump administration’s desire to see the legislation enacted; the White House has not yet commented on the matter.
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