The White House is set to meet with executives from major crypto firms and traditional banks to address issues surrounding a stalled market structure bill, particularly focusing on stablecoin regulations. This legislation has faced pushback due to its proposed rules on stablecoin rewards, which could restrict interest-bearing features associated with dollar-pegged tokens. Banks are concerned that allowing these rewards could lead to deposit flight, while the crypto industry argues that they enhance user benefits. The meeting will involve the White House’s crypto policy council and aims to gather input from market participants to resolve these contentious points. Wall Street bankers have strongly opposed crypto yield products, viewing them as a threat to traditional banking. In response, the Blockchain Association and the Crypto Council for Innovation will also participate in the discussions. They advocate for creating balanced regulations that protect consumers and promote innovation, emphasizing the importance of stablecoin rewards without undermining the banking system. Recent developments include the Digital Chamber countering a banker’s position paper that called for a total ban on stablecoin yield. The crypto group's response highlights the necessity of certain rewards on stablecoin activities, suggesting a middle ground that does not jeopardize traditional banking operations. This ongoing debate reflects the broader tensions between the evolving crypto market and established financial institutions.