Ripple to Take Part in New White House Meeting
Analysis
Price Impact
HighRipple's chief legal officer, stuart alderoty, is attending a high-stakes white house meeting to discuss stablecoin yields and unblock major u.s. crypto legislation. a resolution could provide significant regulatory clarity for the crypto market, directly benefiting companies like ripple and potentially increasing institutional adoption.
Trustworthiness
HighThe information is from u.today, citing official white house meetings and specific attendees, including key executives from prominent crypto firms. this indicates a factual and verifiable event.
Price Direction
BullishPositive movement towards resolving stablecoin legislation in the u.s. is a major catalyst for the entire crypto industry, reducing regulatory uncertainty. ripple's active involvement in these discussions positions it favorably to benefit from a clearer regulatory environment, potentially leading to increased demand and utility for xrp.
Time Effect
LongWhile the meeting is immediate, the legislative process and its full market impact will unfold over a longer period. a successful outcome will set a positive precedent, but the implementation of new laws and subsequent market adoption will take time, likely stretching into months or even a year for full realization.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The White House is convening its third high-stakes meeting to resolve the ongoing dispute over stablecoin yields. Advertisement Top legal minds from the cryptocurrency industry and representatives from the traditional banking sector are set to go head-to-head. A select group of representatives will gather at the White House at 9:00 A.M. ET to negotiate a compromise that could unblock major U.S. crypto legislation. HOT Stories Morning Crypto Report: XRP at Five-Week High in Bullishness, Ether 2026 Roadmap Update Ahead of Glamsterdam, Robinhood Chain Hits 4 Million Transactions: CEO Tenev Coinbase CEO Predicts Win-Win-Win Outcome in Market Structure Saga Who is attending? The crypto industry is represented by some of its most prominent legal and policy executives, including: Advertisement The list of participants includes Stuart Alderoty, chief legal officer at Ripple, Paul Grewal, chief legal officer at Coinbase, Miles Jennings, general Counsel and head of decentralization at a16z Crypto. card The meeting will focus on whether or not cryptocurrency platforms and stablecoin issuers should be allowed to pass on the interest earned from underlying reserves directly to consumers. Advertisement Due to this dispute, the key legislation has so far been stalled in the Senate. Traditional banks have lobbied heavily against yield-bearing stablecoins. arguing that they create an uneven playing field. If everyday consumers can earn high yields on digital dollars outside the traditional system, it could trigger a massive exodus of deposits. Hence, it could destabilize their lending capabilities. At the same time, crypto executives insist that stablecoin yields are a core consumer benefit. Prohibiting these rewards will stifle domestic innovation, pushing the capital toward offshore alternatives. As reported by U.Today , Ripple CEO Brad Garlinghouse previously predicted that the legislation could pass by the end of April. #Ripple News #Stuart Alderoty