US senators and the White House agree on stablecoin rules, clearing the path for the crypto market structure bill after long dispute with banks.
United States senators and White House officials have reached an agreement on stablecoin rules after months of debate. The deal could help push forward a major crypto market bill that has been dragged on for a long time. Lawmakers said the deal may get new digital asset rules through the Senate in the near future.
Dispute Over Stablecoin Rewards
The biggest disagreement was on stablecoin rewards. Stablecoins are digital coins that are tied to the US dollar. Some crypto businesses would like to reward the holders of these coins with their own interest, just like the interest on a bank account. However, many banks stated this could create issues for the financial system.
THIS IS MASSIVE !!!!
🇺🇸 US Senators reached an agreement with the White House to resolve the crypto stablecoin dispute with banks, per Politico.
The crypto market structure bill is coming. pic.twitter.com/PvSvkJ7Qf5
— Ash Crypto (@AshCrypto) March 20, 2026
Banks expressed concern that their customers may withdraw funds from bank accounts to earn higher returns in stablecoins. This situation is referred to as deposit flight. If too many people transfer their money at once, banks could be in serious trouble. Because of this risk, bank groups requested that lawmakers put limits on rewards in stablecoins.
Crypto companies vehemently disagreed with this idea. Rewards help new technology to grow and keep the United States competitive, they said. Firms such as Coinbase argued that banning rewards would retard innovation and drive companies to other countries. The debate formed the biggest issue blocking the crypto market bill.
Senator Thom Tillis and Senator Angela Alsobrooks helped the talks with the White House. Following long discussions an agreement in principle was reached by both sides. The plan is to protect the banks and at the same time, allow digital asset companies to construct new products.
Crypto Market Bill Moves Forward
The agreement may see the Digital Asset Market Clarity Act proceed in the Senate. This bill is aimed at establishing clear rules for cryptocurrencies, stablecoins, and digital trading platforms. Lawmakers hope the rules will be clear enough to encourage companies to grow and keep investors safe.
The deal also follows on from the GENIUS Act, which became law in July 2025. That law established some fundamental rules for dollar-backed stablecoins, but did not address the reward issue completely. Because of that, lawmakers were forced to continue negotiations. The new agreement is expected to fill in the missing pieces.
Senate Banking Committee chair Tim Scott is now expected to schedule a vote on the bill soon. This step is referred to as a markup, and it is the time during which senators examine and amend the text before voting. The leaders want the vote to be in April 2026. If the bill is delayed longer, it may be affected by next election season.
Lawmakers said passing the bill quickly is important because the digital assets are fast growing. Without clear rules, companies are free to take their business out of the United States. Officials want the country to remain a leader in financial technology.
More Rules Still Being Discussed
Even with the new agreement, however, some issues are still being worked on. Lawmakers are also discussing rules for decentralized finance, also called DeFi. These are systems that enable people to trade and lend money without the banks. Officials want to make sure these systems observe anti-money laundering laws.
Another topic is ethics rules for government advisors who deal with crypto companies. Lawmakers would like to avoid conflicts of interest and keep the system fair. These details have to be completed before the final vote can take place.
Supporters say the agreement is a giant stride for the crypto industry. They believe that stablecoin rules will help bring more trust to digital money. Clear laws could also be a way to encourage the banks, investors, and companies to use blockchain technology.
If the bill passes, the United States may have one of the most complete crypto rule systems in the world. Lawmakers say the goal is to help support innovation while ensuring the financial system is safe for everyone.