Trump Hopes to Sign Bitcoin, Crypto Market Bill Into Law as Senate Stalls on Stablecoin Yield

President Donald Trump has reiterated his interest in signing a bill regulating Bitcoin and the crypto market, which continues to face procedural hurdles in the U.S. Senate.

Speaking at a recent press conference, Trump said he hopes Congress can finalize the bill. His remarks come amid persistent divisions on Capitol Hill, where lawmakers remain split over several unresolved policy questions.

Key Points

• Trump has publicly expressed support for congressional action on a crypto regulation bill.
• U.S. Senate progress stalls over rules governing stablecoin yield products.
• The White House convened industry, exchange, and banking leaders to mediate the debate.
• Trade groups like the Digital Chamber and Blockchain Association welcomed federal engagement.
• TD Cowen analysts warn the bill may require direct presidential intervention to overcome political and industry divisions.

Stablecoin Yield Debate Stalls Progress

Despite broad bipartisan agreement on the need for clearer crypto rules, momentum has slowed over a central issue: whether crypto exchanges should be permitted to offer yield or reward products tied to stablecoins. Lawmakers, regulators, and industry participants remain deeply divided, making the debate a key obstacle to advancing broader market-structure legislation.

In an effort to break the impasse, the White House has stepped in to facilitate direct negotiations. For context, on Monday, administration officials convened a meeting at the Eisenhower Executive Office Building, bringing together crypto trade groups, exchange representatives, and Wall Street bankers.

According to Bloomberg, participants were encouraged to find common ground on stablecoin yields before the end of the month.

Industry Groups Welcome White House Intervention

While the meeting did not result in an immediate agreement, several industry organizations described it as a constructive step forward.

Bloomberg reported that the Digital Chamber circulated a memo summarizing the discussions. Specifically, the memo said regulators and industry leaders reviewed existing proposals and clarified where disagreements remain.

Digital Chamber CEO Cody Carbone said the group remains committed to advancing legislation that does not disadvantage innovators or consumers who rely on digital assets. The Blockchain Association expressed a similar view.

In a post on X, CEO Summer Mersinger said the meeting marked a step toward bipartisan crypto legislation. She highlighted this progress while representing more than 100 member organizations.

In a separate memo, the association emphasized that sustained dialogue is essential to narrowing differences and delivering clear regulatory guidance.

White House Push Meets Analyst Skepticism

From the administration’s perspective, the discussions appear to be moving in a positive direction.

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, called the meeting constructive and said it focused on identifying solutions. He added that, in recent months, progress has been made on several difficult policy issues and expressed confidence that the remaining disputes, too, can be resolved.

This renewed push follows earlier warnings from the White House. Last month, a senior administration representative called for the swift passage of legislation to regulate the crypto market. They emphasized that a multi-trillion-dollar industry cannot operate effectively without a comprehensive regulatory framework.

Nevertheless, outside analysts remain cautious. In a research note issued Monday, investment bank TD Cowen said the bill is unlikely to advance without direct involvement from President Trump.

Jaret Seiberg, managing director at TD Cowen’s Washington Research Group, said industry divisions and political barriers remain substantial. He added that presidential intervention may be necessary to force compromises between traditional banking interests and the crypto sector.

Taken together, these developments underscore both the growing urgency to regulate digital assets and the difficulty of achieving consensus. As negotiations continue, the bill’s fate may hinge on whether political leadership can align competing interests around a shared regulatory vision.