White House to meet with banks, crypto firms on Monday, Reuters reports

Next Monday, the White House will meet with executives from the banking and crypto sectors to go over a possible path forwrard for major crypto legislation, Reuters’ Hannah Lang reports, citing three people familiar with the matter. The summit, which will be hosted by the White House’s crypto council, will include executives from a number of trade groups and will center how on any potential legislation treats interest and other rewards crypto firms can give out on customer holdins of stablecoins, the author notes. Publicly traded companies in the cryptocurrency space include Bit Digital (BTBT), Bitfarms (BITF), Circle Internet (CRCL), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF). Publicly traded companies in the banking space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

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