US Banks Are Fighting the New Stablecoin Rules. The White House Is Not Having It

cryptonews04-23

Major US banks are lobbying to slow down new stablecoin legislation, but the White House has intervened directly, telling the banking industry to stand down. Summary US banks have been pushing ...

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The White House Is Not Having It","media":"cryptonews","content":"<div>\n<p>Major US banks are lobbying to slow down new stablecoin legislation, but the White House has intervened directly, telling the banking industry to stand down.\n\n\nSummary\n\n\n\nUS banks have been pushing ...</p>\n\n<a href=\"https://crypto.news/us-banks-push-back-on-stablecoin-rules/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Banks Are Fighting the New Stablecoin Rules. 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The White House Is Not Having It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-23 02:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/us-banks-push-back-on-stablecoin-rules/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Major US banks are lobbying to slow down new stablecoin legislation, but the White House has intervened directly, telling the banking industry to stand down.\n\n\nSummary\n\n\n\nUS banks have been pushing ...</p>\n\n<a href=\"https://crypto.news/us-banks-push-back-on-stablecoin-rules/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861220207.SGD","symbol_name":"Blackrock FinTech A2 SGD-H","start_time":0,"source_url":"https://crypto.news/us-banks-push-back-on-stablecoin-rules/","article_id":"2629486024","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/us-banks-push-back-on-stablecoin-rules/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629486024","pubTimestamp":1776883500,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Major US banks are lobbying to slow down new stablecoin legislation, but the White House has intervened directly, telling the banking industry to stand down.US banks have been pushing back against proposed stablecoin rules, citing concerns over competition and risk.The White House has told banking groups to back off, signaling strong executive support for the legislation.The standoff adds fresh tension to an already complicated stablecoin regulatory path in Congress.US banks are mounting resistance to proposed stablecoin legislation moving through Congress, arguing the rules as written could expose the financial system to new risks and disadvantage traditional lenders. The pushback has now drawn a direct response from the White House, which has made clear it wants the bill to move forward without further delay from the banking lobby.Stablecoin Rules Draw Fierce Opposition From US Banks. Kraken Filed 56 Million Crypto Tax Forms in 2025 and Wants Congress to Raise the Bar","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4023":"应用软件","KBWB":"银行ETF-PowerShares","VFH":"Vanguard Financials ETF","LU1861217088.USD":"贝莱德金融科技A2","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","XLF":"金融ETF","IAT":"安硕美国地区银行ETF","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4585":"ETF&股票定投概念","CRCA":"Proshares Ultra CRCL","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","ICRC":"Bitwise CRCL Option Income Strategy ETF","CRCG":"2倍做多CRCL ETF-Leverage Shares","CCUP":"T-REX 2x Long CRCL Daily Target ETF","KRX":"KBW区域银行业指数","LU1861558580.USD":"日兴方舟颠覆性创新基金B","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","DPST":"Direxion每日三倍做多区域银行股ETF","KRE":"区域银行指数ETF-SPDR KBW","KBE":"银行指数ETF-SPDR KBW","CRCL":"Circle Internet Corp."},"translate_title":"美国银行正在对抗新的稳定币规则。白宫不接受","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/1eb764087a233b2a5daff82a92f1528f","symbols_score_info":{"XLF":0.6,"CRCA":0.6,"CRCO":0.6,"CCUP":0.6,"CRCD":0.6,"CRCG":0.6,"VFH":0.6,"KBE":1.81,"KBWB":0.6,"ICRC":0.6,"DPST":0.6,"CRCL":1.84,"KRX":0.6,"IAT":0.6,"KRE":0.6},"content_text":"Major US banks are lobbying to slow down new stablecoin legislation, but the White House has intervened directly, telling the banking industry to stand down.\n\n\nSummary\n\n\n\nUS banks have been pushing back against proposed stablecoin rules, citing concerns over competition and risk.\nThe White House has told banking groups to back off, signaling strong executive support for the legislation.\nThe standoff adds fresh tension to an already complicated stablecoin regulatory path in Congress.\n\n\n\nUS banks are mounting resistance to proposed stablecoin legislation moving through Congress, arguing the rules as written could expose the financial system to new risks and disadvantage traditional lenders. The pushback has now drawn a direct response from the White House, which has made clear it wants the bill to move forward without further delay from the banking lobby.\nStablecoin Rules Draw Fierce Opposition From US Banks\nBanking groups have raised concerns that the proposed framework would allow non-bank entities, including large tech companies, to issue stablecoins without being subject to the same oversight as federally regulated lenders. Industry representatives have warned that permitting this could create an uneven playing field and introduce systemic risk into the payments system. The resistance represents one of the most significant obstacles the stablecoin bill has faced since gaining bipartisan momentum earlier this year.\nWhite House Steps In to Clear the Path\nThe White House has told banking groups to stop blocking the legislation, according to CoinDesk, signaling that the administration views stablecoin regulation as a priority it is not willing to see derailed by industry lobbying. The intervention is notable given how rarely the executive branch weighs in so directly on the specifics of financial legislation still moving through Congress. Lawmakers on both sides have been working toward a stablecoin deal that balances innovation with consumer protection, and the White House pressure suggests the administration wants that process completed quickly.\nWhat Is at Stake for Crypto Markets\nStablecoins have become a critical piece of the digital asset infrastructure, with the total market cap of dollar-pegged tokens sitting above $230 billion. A clear regulatory framework could open the door for broader institutional adoption and give US-based issuers a competitive edge over foreign rivals. Failure to pass a bill, on the other hand, risks pushing stablecoin activity further offshore and leaving the market without clear federal oversight. The White House pushback signals that at least one major obstacle may now be less of a threat to the bill’s progress.\nHow the banking lobby responds in the coming days could determine whether Congress has a clear path to a stablecoin vote before the summer recess.\n\n\n\n\n\n                Read more:\n            \n\n                Kraken Filed 56 Million Crypto Tax Forms in 2025 and Wants Congress to Raise the Bar","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629486024","isCrawlerRequest":true}