President Trump aims to sign a significant cryptocurrency market structure bill soon, amid disputes between banks and the crypto sector over stablecoin rewards. Key players in the industry, including Ripple's CEO, advocate for a clear legislative framework to foster innovation.

The chair of the Basel Committee is calling for a rework of capital rules for banks holding cryptocurrencies. With the U.S. and U.K. rejecting the current framework, which inadequately addresses stablecoins, there's a push for a new approach to reflect the evolving crypto landscape.

Major banking associations are pushing for a one-year delay on crypto firms accessing the Federal Reserve's payment systems. They argue that new stablecoin issuers should demonstrate their ability to operate safely before gaining access. This conflict could lead to further legal disputes.

The White House will meet with banking and cryptocurrency executives to discuss the stalled Clarity Act, which aims to set federal rules for digital assets. Key issues include how the bill addresses interest payments on stablecoins, a point of contention between the two industries.

Coinbase CEO Brian Armstrong is confronting Wall Street leaders like Jamie Dimon over the role of crypto in finance. Banks are wary of crypto exchanges offering payouts on stablecoins, which they see as a threat to their control over consumer deposits. The debate centers on the future of digital assets in traditional banking.