Officials from President Donald Trump's administration are set to meet with banking and cryptocurrency industry leaders to discuss the stalled CLARITY Act. The meeting, hosted by the White House's crypto council, aims to address disagreements over stablecoin yield provisions in the proposed legislation. The CLARITY Act seeks to define the regulatory framework for digital assets in the U.S., including the roles of the SEC and CFTC. The legislation has faced delays due to disputes over whether third parties can offer interest on stablecoins. While the GENIUS Act prohibits stablecoin issuers from paying interest, it does not address third-party rewards, leading to tensions between banks and crypto firms. Bank of America CEO Brian Moynihan has warned that interest-bearing stablecoins could draw significant funds from banks, impacting lending and borrowing costs. Meanwhile, crypto exchanges like Coinbase argue that banks are using legislation to stifle competition.