TLDR
- Ripple attended a private White House summit on stablecoin yield discussions.
- Crypto firms and banks debated stablecoin interest offerings in the meeting.
- Bank groups warned yield products could draw deposits from traditional lenders.
- Crypto firms pushed for clear guidelines to support consumer-focused innovation.
Ripple has taken a key step in shaping U.S. crypto policy by joining top crypto and banking leaders at a high-level White House summit. The closed-door meeting focused on stablecoin yield regulations—a pressing issue dividing traditional finance and blockchain firms. As lawmakers push to create new rules, Ripple’s presence at the table signals its growing influence in national conversations about digital assets and financial innovation.
Ripple Participates in High-Stakes White House Summit
Ripple took part in a high-level summit at the White House on Monday. The blockchain company joined major players from both the crypto and traditional finance sectors. The meeting addressed the ongoing regulatory debate over stablecoin yield products, a key point in current financial legislation.
Sincere thanks to the representatives from the crypto and banking industries who participated in today’s meeting on stablecoin rewards and yield. The discussion was constructive, fact-based, and, most importantly, solutions-oriented.
Over the course of the past few months, we…
— Patrick Witt (@patrickjwitt) February 2, 2026
The summit brought together representatives from top crypto platforms and leading financial institutions. The group discussed how yield offerings from stablecoin issuers could be structured under U.S. law. The meeting remained private, with sources describing the environment as productive.
Focus on Stablecoin Yields
The core issue during the two-hour meeting was stablecoin yield—the interest paid to holders by issuers. Crypto companies such as Ripple, Coinbase, Circle, Tether, and Kraken participated. They supported allowing yield products, claiming these help consumers earn from digital assets.
Banking representatives, including Fidelity, Cantor Fitzgerald, and SoFi, expressed concerns. They argued that such products, if unregulated, may function like bank deposits without following the same rules. They stated that this could weaken the position of regulated banks.
Sources told reporter Eleanor Terrett that the discussion remained calm. “No yelling” was reported, and many described the conversation as “constructive” with “positive vibes.”
Different Approaches from Crypto and Bank Sectors
Differences in strategy were clear during the meeting. According to Brendan Pedersen, a finance policy journalist, the crypto side focused on practical solutions. Representatives reportedly offered specific ideas on how to structure yields responsibly.
Meanwhile, bank trade groups chose not to get into details. They reportedly avoided proposing concrete plans and were hesitant to commit to specific solutions during the session. The contrast in approaches highlighted the difficulty of aligning two very different industries.
The meeting allowed both sides to hear each other’s arguments. The discussion aimed to set clear boundaries for future talks while keeping the tone cooperative.
Government Response and Outlook
Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, commented after the summit. He said that the administration had made progress in recent months on several tough policy topics. Witt added, “I am confident we will be able to resolve this one, too.”
The White House has been increasingly involved in crypto policy as stablecoins gain popularity. U.S. regulators are working to determine how digital asset products fit into existing financial rules. This meeting is viewed as part of broader efforts to bring crypto firms and banks to the table.
The government has not released an official summary or statement from the meeting. However, it is expected that talks will continue as lawmakers weigh stablecoin-related legislation.
Ongoing Efforts to Shape Policy
This was not the first time crypto and traditional finance met in Washington. But the growing influence of stablecoins has added urgency. Lawmakers are under pressure to protect consumers and maintain financial stability while not blocking innovation.
Ripple’s presence at the summit shows its active role in the policy conversation. The company has expanded its operations in global payments and digital finance and continues to be involved in U.S. regulatory matters.
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