Ripple CEO confirms White House meeting between crypto and banking reps

The White House convened representatives from the cryptocurrency and banking industries to discuss a Senate market structure bill, focusing on differences over stablecoin yield provisions. Ripple CEO Brad Garlinghouse told Fox News that the company’s chief legal officer, Stuart Alderoty, attended the meeting earlier in the day.

Unconfirmed reports had suggested the administration would follow up on a Feb. 10 meeting about the CLARITY Act, which did not produce a deal on stablecoins. The CLARITY Act, passed by the House in July, has faced multiple delays in the Senate and its committees.

Progress has been slowed by two government shutdowns — the longest spanning 43 days in 2025 — concerns from Democratic lawmakers about conflicts of interest, and lobbying for provisions on decentralized finance, tokenized equities and stablecoin yield. The meeting came a day after policymakers, including CFTC Chair Michael Selig, and industry representatives attended a forum at Mar-a-Lago hosted by World Liberty Financial.

United States, Mar-a-Lago

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