Bank representatives made no progress in the crypto discussions at the White House.

Crypto and Banking Talks at the White House

The United States' leading banks' representatives met with negotiators from the crypto industry at the White House to seek consensus on the Senate's crypto market structure bill. However, this meeting fell short of achieving the expected agreement in the recent discussions surrounding the Clarity Act.

What Were the Goals of the Bank Representatives?

According to sources, bankers reportedly did not come to this meeting with the aim of finding common ground. There remains a significant lack of communication and understanding between the crypto sector and traditional banking. This situation increases uncertainties about the future of the new bill.

Negative Impact on Markets

The negative outcome of these talks between both parties raises concerns among investors. Clarity on crypto regulations has long been awaited. In this regard, the positions of banks seem likely to continue affecting market dynamics.