CLARITY Act back on track as Ripple CEO says 90% chance of April passage

first published 2026-02-19T15:42:36Z

The White House convened a third high-level meeting at 9:00 A.M. ET to negotiate whether cryptocurrency platforms and stablecoin issuers may pass interest earned on reserves directly to consumers. Industry legal leaders attending include Stuart Alderoty (Ripple), Paul Grewal (Coinbase) and Miles Jennings (a16z Crypto). The dispute — banks oppose yield-bearing stablecoins citing deposit flight and lending disruption, while crypto firms say banning yields would harm consumers and push innovation offshore — has stalled key U.S. crypto legislation in the Senate.

AI Analysis

White House convened a high-level negotiation on whether platforms/stablecoin issuers can pass reserve interest to consumers; industry legal leaders (Ripple, Coinbase, a16z) are attending. The issue has stalled U.S. crypto legislation and pits banks (opposed) against crypto executives (pro), so outcome could affect stablecoin/business models but is currently unresolved.

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