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White House meeting on 2 February leaves U.S. stablecoin rewards dispute unresolved in Senate crypto bill
On 2 February, a White House meeting designed to break a long-running deadlock on U.S. crypto market structure legislation ended without a deal, with stablecoin rewards remaining the core sticking point. Banking groups want the bill to restrict interest and other rewards on stablecoins, while crypto firms insist such incentives are essential for growth, leaving the Senate unable to move the bill forward.
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Ripple-backed UAE initiative tokenizes over AED 1 billion in diamonds on XRPL
On February 3, 2026, Ripple said it is supporting Billiton Diamond and Ctrl Alt in a UAE push that has brought tokenized certified polished diamonds worth over AED 1 billion ($280 million) to the XRP Ledger. According to a Tuesday press statement, Ctrl Alt will mint the assets and the platform records certification and inventory on-chain, with VARA approval pending. The effort is backed by DMCC.
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XRP-1.17%
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White House pushes February 2026 compromise on stablecoin yields in crypto market bill talks
The White House convened crypto industry groups, exchanges, and Wall Street banks at the Eisenhower Executive Office Building on Monday to negotiate the U.S. crypto market structure bill, focusing on whether exchanges can offer yield on stablecoins. Participants were instructed to reach a compromise on stablecoin rewards by the end of this month, with trade groups describing the meeting as a constructive step toward bipartisan legislation. Senior administration officials said recent talks have resolved several difficult policy disputes and expressed confidence that the remaining issues on stablecoin yields can also be settled.
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