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The White House's end-of-February deadline for banks and crypto firms to resolve the “stablecoin yield” debate exposes a structural fault line that was never going to stay buried. This isn't a speed bump on the road to crypto-friendly regulation. Instead, it's a core collision that happens when digital dollars scale large enough to threaten the […] The post White House sets February deadline to settle $6.6 trillion fight between Coinbase and banks appeared first on CryptoSlate.

The meeting came more than two weeks after the Senate Banking Committee postponed a markup on the CLARITY Act, adding that everyone “remains at the table“ to work on the bill. Officials in US President Donald Trump’s administration met with representatives from the cryptocurrency and banking industry to discuss how to address stablecoin yield in the market structure bill under consideration in the Senate. In a Monday X post, The Digital Chamber, a crypto advocacy organization, said its CEO, Cody Carbone, and others had met at the White House to discuss provisions within the Digital Asset Market Clarity (CLARITY) Act, for which a markup was postponed by the Senate Banking Committee in January. Among the issues lawmakers are expected to address before returning to markup were tokenized equities, decentralized finance, ethics for elected officials investing in crypto, and stablecoin rewards. “Today's meeting at the White House was exactly the kind of progress needed to find a resolution to one of the biggest iss...

SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continues over stablecoin yield in the CLARITY Act. US Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Mike Selig appeared on CNBC’s Squawk Box on Thursday to discuss the crypto market structure bill and a White House–hosted meeting scheduled for Monday. The bill was recently held up in the Senate, where it is undergoing committee review after being passed in the House of Representatives, with lawmakers working through unresolved issues on the Agriculture and Banking Committees. One of the central sticking points in the legislation is how stablecoin yield should be treated, an issue that has divided traditional banks and crypto companies. Coinbase recently withdrew support for the bill, citing concerns over several provisions, including those related to yield. Read more

The Nietzschean Penguin (PENGUIN) memecoin had a market capitalization of about $387,000 before the US White House published its post. The Nietzschean Penguin (PENGUIN) token, a memecoin launched on the Solana layer-1 blockchain network, surged by about 564% following a social media post from the United States White House. On Friday, the White House published a social media post on X of US President Donald Trump and a penguin holding hands and walking through the snow, which went viral. PENGUIN traded at a market capitalization of about $387,000 before the post and recorded $244 million in trading volume in the 24 hours after the post, according to SolanaFloor. Read more

US President Donald Trump’s plane was forced to return to an air base late Tuesday due to a “minor electrical issue” shortly after departing for Switzerland, the White House said. Air Force One returned to Joint Base Andrews out of an abundance of caution, Press Secretary Karoline Leavitt said. It landed shortly after 0400 GMT. Journalists traveling with Trump reported that lights in the cabin went out briefly after takeoff. After returning to Andrews, Trump resumed his trip to the Davos forum early Wednesday. Trump and his entourage changed planes at Joint Base Andrews and took off again shortly after 0500 GMT, about two-and-a-half hours after his initial departure. With its classic blue and white livery, Air Force One is arguably the world’s most iconic plane and an instantly recognisable symbol of the US presidency. Trump has long been unhappy with the current Air Force One jets - two highly customized Boeing 747-200B series aircraft that entered service in 1990 under president George H.W Bush. Last year, ...

Coinbase CEO Brian Armstrong publicly sparred with crypto reporter Eleanor Terrett this week after she questioned the exchange’s stance on crypto regulation, prompting an exchange that quickly spilled onto social media and reignited tensions between industry leaders and the broader community. Senate Banking postponed its planned Jan. 15 markup of the CLARITY Act, leaving timing […] The post Coinbase accused of “rug pull” as the White House weighs killing the CLARITY Act over yield appeared first on CryptoSlate.

Israeli Prime Minister Benjamin Netanyahu convened a meeting of his ruling coalition partners on Sunday after objecting to the composition of a Gaza advisory panel formed by the White House, according to an official and media reports. The White House announced this week the setting up of a “Gaza Executive Board,” which would operate under a broader so-called “Board of Peace” to be chaired by US President Donald Trump as part of his 20-point plan to end the war in Gaza. The executive board, described as having an advisory role, includes Turkish Foreign Minister Hakan Fidan and Qatari diplomat Ali Al-Thawadi, alongside other regional and international officials. Late on Saturday, Netanyahu’s office objected to the composition of the executive board. “The announcement regarding the composition of the Gaza Executive Board, which is subordinate to the Board of Peace, was not coordinated with Israel and runs contrary to its policy,” the office of Netanyahu said. “The prime minister has instructed the foreign affair...

Coinbase CEO Brian Armstrong said the industry is working on several ideas to help community banks in the CLARITY market structure bill. Brian Armstrong, the CEO of crypto exchange Coinbase, denied reports that the White House is considering pulling support for the CLARITY Act, a crypto market structure bill, and also denied rumors that the administration is “furious” with Coinbase. “The White House has been super constructive here. They did ask us to see if we can go figure out a deal with the banks, which we're currently working on,” Armstrong said.  On Friday, independent journalist Eleanor Terrett reported a clash between Coinbase and the administration of US President Donald Trump, with the White House threatening to withdraw support for the market structure bill if Coinbase did not resume negotiations. Read more

Coinbase withdrew support for the CLARITY Act, warning the draft would restrict DeFi, ban tokenized equities and eliminate stablecoin rewards. The White House is considering withdrawing its support for crypto market structure bill following a similar move from crypto exchange Coinbase, according to Fox Business reporter Eleanor Terrett, citing a source close to the Trump administration. In a Sunday post on X, Terrett reported that the White House is furious over Coinbase’s decision to pull its backing for the Digital Asset Market Clarity Act, describing the move as a “unilateral” action that blindsided administration officials. “The White House is said to be furious with Coinbase’s “unilateral” action on Wednesday, which it apparently was not notified of in advance, calling it a “rug pull” against the White House and the rest of the industry,” she wrote. Read more

Selling the Bitcoin would have violated President Donald Trump’s Executive Order 14233, which mandates that any Bitcoin obtained through criminal or civil forfeiture “shall not be sold.” A White House crypto advisor said he received confirmation from the US Department of Justice that no Bitcoin forfeited from the Samourai case was sold, putting rumors to rest. The confirmation was shared on X by Patrick Witt, Executive Director of the White House President’s Council of Advisors for Digital Assets: “We have received confirmation from DOJ that the digital assets forfeited by Samourai Wallet have not been liquidated and will not be liquidated,” Witt posted to X Friday, adding that the forfeited Bitcoin would remain part of the Strategic Bitcoin Reserve. Read more

Denmark and Greenland’s top diplomats held high-stakes talks at the White House on Wednesday, with US President Donald Trump warning it was “vital” for the United States to take control of the Arctic island. Shortly before the meeting with US Vice President JD Vance and Secretary of State Marco Rubio, Denmark announced it was immediately boosting its military presence in strategic Greenland. Footage from CNN showed Danish Foreign Minister Lars Lokke Rasmussen and his Greenlandic counterpart Vivian Motzfeldt arriving at the White House campus, while AFP journalists saw Rubio and Vance heading into the talks. Trump’s escalating threats over Greenland — a vast and sparsely populated autonomous territory belonging to Nato ally Denmark — have deeply shaken transatlantic relations. The 79-year-old Republican insisted ahead of the talks that Nato should support the US effort to take control of Greenland, saying it was crucial for his planned Golden Dome air and missile defence system. “Nato becomes far more formidab...

The White House said on Tuesday that US President Donald Trump is discussing options for acquiring Greenland, including potential use of the military, in a revival of his ambition to control the strategic island despite European objections. Trump sees acquiring Greenland as a US national security priority necessary to “deter our adversaries in the Arctic region”, the White House said in a statement. “The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilising the US military is always an option at the commander-in-chief’s disposal,” the White House said. Greenland has repeatedly said it does not want to be part of the United States. Leaders from major European powers and Canada rallied behind the Arctic territory on Tuesday, saying it belongs to its people. A US military seizure of Greenland from a longtime ally, Denmark, would send shock waves through the Nato alliance and deepen the divide between Trump and European leaders. The strong ...

Two US National Guard soldiers were critically wounded on Wednesday after being shot in a brazen daytime attack a few blocks from the White House, with US President Donald Trump terming the incident an “act of terror”. The incident, which left two Guard members critically wounded, was “an act of evil, an act of hatred and an act of terror,” Trump said. “It was a crime against our entire nation.” He confirmed that the man taken into custody after the daylight shooting two blocks from the White House was “a foreigner who entered our country from Afghanistan”. The suspect had arrived in the United States in 2021 “on those infamous flights,” Trump said, referring to the evacuations of Afghans fleeing as the Taliban took over the country in the wake of the US retreat after 20 years of war. “We must now reexamine every single alien who has entered our country from Afghanistan” under former president Joe Biden, Trump said. “We must take all necessary measures to ensure the removal of any alien from any country who d...

After months of trading insults, US President Donald Trump and incoming New York City Mayor Zohran Mamdani smiled at each other, swapped compliments and pledged to collaborate on tackling crime and affordability in the nation’s biggest city at an unexpectedly friendly meeting at the White House on Friday. The political opposites, a Republican billionaire and a young democratic socialist, have clashed over everything from immigration to economic policy. But it was clear the two forged a rapport in their first encounter. Mamdani, a 34-year-old state lawmaker, stood by Trump’s desk as the 79-year-old president smiled up at him and patted him warmly on the arm, having only recently falsely caricatured Mamdani as an anti-Semitic communist, among other jibes. “We agree on a lot more than I would have thought,” Trump said after letting journalists and cameras into the Oval Office at the end of a private meeting with the mayor-elect. “We have one thing in common: We want this city of ours that we love to do very well...

The White House is reviewing a proposal to join an international crypto tax standard that could deter Americans from moving their digital assets to offshore exchanges. The White House is reviewing the Internal Revenue Service’s proposal to join the global Crypto-Asset Reporting Framework, which would provide the tax department with access to Americans’ foreign crypto account data. Adoption of the “Broker Digital Transaction Reporting” proposal — submitted to the White House last Friday — would put the US crypto tax system in line with 72 other countries that have committed to implementing CARF by 2028. While the proposal wasn’t categorized as “economically significant” by the IRS, the rule would force Americans to be far more stringent in reporting capital gains tax from foreign crypto platforms. Read more

Syria is joining the global coalition against the militant Islamic State (IS) group, a United States’ official said on Monday hours after US President Donald Trump welcomed his Syrian counterpart Ahmed al-Sharaa for historic White House talks. Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad in December last year, was the first Syrian leader to visit the White House since the Middle Eastern country’s independence in 1946. But the 43-year-old’s landmark visit to the Oval Office came just days after Washington removed him from its terrorism list. Sharaa’s group, Hayat Tahrir al-Sham (HTS), was formerly affiliated with Al-Qaeda. “During the visit, Syria announced that it is joining the Global Coalition to Defeat ISIS,” becoming the 90th member of the alliance and “partnering with the United States to eliminate ISIS remnants and halt foreign fighter flows”, a senior administration official said. According to the official, Syria will also be allowed to resume diplomatic relations with Washington “t...

The U.S. draft would lift sanctions on President al-Sharaa and his interior minister ahead of the Syrian leader's White House visit, signaling Washington's push to ease restrictions, though a Security Council veto could still block it

United States President Donald Trump speaks often with Indian Prime Minister Narendra Modi and trade teams from both countries continue to hold talks, the White House said on Tuesday. “The president and his trade team continue to be in very serious discussions with India,” White House spokeswoman Karoline Leavitt told reporters. “I know the president has great respect for Prime Minister Modi, and they speak pretty frequently.” Trump said last week in South Korea that he wanted to reach a trade deal with India — signalling a thaw in relations that soured to their lowest point in decades after the US president doubled tariffs on Indian imports to 50 per cent as punishment for India’s purchases of Russian oil. Indian refiners cut Russian oil imports after Washington imposed sanctions last week on Moscow’s top two crude exporters, Rosneft and Lukoil. Earlier this month, Trump claimed that Modi has agreed to cut Russian oil imports — something New Delhi has not commented on. A White House official said New Delhi h...

Saudi Arabia’s Crown Prince Mohammed bin Salman will be at the White House on November 18 for an official working visit with United States President Donald Trump, a White House official said on Monday. The visit comes as Trump pushes Saudi Arabia to join the list of nations that have joined the Abraham Accords. In 2020, Trump reached deals with the United Arab Emirates, Bahrain, Sudan and Morocco to normalise relations with Israel. The Saudis have been hesitant to join in the absence of steps toward Palestinian statehood. Trump told CBS’ “60 Minutes” in an interview broadcast on Sunday that he believed the Saudis would ultimately join the accords. The US president also said earlier this month that he expected an expansion of the Abraham Accords soon and hoped Saudi Arabia would join the pact. In August, he also stressed the importance of Middle Eastern countries joining the accords. Trump and the crown prince may also discuss a US-Saudi defence agreement. The Financial Times reported two weeks ago that there ...

US President Donald Trump’s administration on Friday banned reporters from accessing a core part of the White House press office without an appointment, citing the need to protect “sensitive material”. Journalists are now barred if they do not have prior approval to access the area in the West Wing known as Upper Press — which is where Press Secretary Karoline Leavitt’s office is located. White House Communications Director Steven Cheung defended the move, saying without providing evidence that reporters had been “ambushing” cabinet secretaries in the area and secretly recording video and audio. “This memorandum directs the prohibition of press passholders from accessing … ‘Upper Press,’ which is situated adjacent to the Oval Office, without an appointment,” said a memo from the White House National Security Council (NSC). The memo, addressed to Leavitt and Cheung, said the aim was “protecting sensitive material from unauthorized disclosure in Upper Press”. The policy comes amid wider restrictions on journali...