Congress to Revisit Crypto Market Structure Bill in Key Meeting Tomorrow

Amid the intensifying debate on crypto regulation in the US, Congress is preparing for its third meeting on the market structure bill tomorrow. On February 20, the White House is set to discuss the potential passage of the CLARITY Act, with stablecoin yield expected to take centre stage.

US Market Structure Bill: Third Congress Meeting Tomorrow

In an X post earlier today, Fox Business reporter Eleanor Terrett shed light on the potential CLARITY Act meeting tomorrow. As noted by her, the US Congress has scheduled a meeting on February 20, 2026, at the White House, focusing on the stablecoin revenue and its broader implications.

This marks Congress’s third meeting on the market structure bill. This signals the lawmakers’ continuous efforts to establish clear rules in the US crypto industry. As negotiations progress, crypto exchange Coinbase CEO Brian Armstrong stated that the market structure bill is likely to be passed soon.

Notably, the U.S. House passed the crypto bill in July 2025. Despite this development, the final passage of the bill has been delayed due to ongoing disagreements over stablecoin yield provisions and broader market structure concerns. The core issue is the debate between banking and crypto experts regarding the stablecoin yield provisions.

Banks fear that stablecoin rewards may result in the fall of the traditional financial system, with investors pulling their money from banks. It could reduce bank deposits, affect lending, and ultimately lead to the collapse of the banking industry.

At the same time, crypto companies argue that banning stablecoin revenue could tamper with innovation and reduce consumer choice. They argue that stablecoins aren’t bank deposits and shouldn’t be regulated like savings accounts. Industry experts like Ripple believe that the CLARITY Act is near passage.

March 1 Deadline Looms in Stablecoin Yield Negotiations  

Yesterday, the White House Crypto Council held its second meeting on the market structure bill. Top leaders from both banking and crypto industries participated, with negotiations still focusing on stablecoins. Although participants hailed the meeting “productive,” no agreement has been reached.

While bank representatives shared a proposal to ban any form of interest or rewards for stablecoins, the crypto industry firmly opposed. The proposal titled “Yield and Interest Prohibition Principles” read,

“No person may provide any form of financial or non-financial consideration to a payment stablecoin holder in connection with the payment stablecoin holder’s purchase, use, ownership, possession, custody, holding, or retention of a payment stablecoin.”

The White House urged both sides to find a common ground by March 1. The outcome of these negotiations could significantly shape the future of stablecoin regulation and determine how quickly the broader market structure bill moves toward final approval.