SEC Chair Paul Atkins is also expected to join them. Among those invited are executives from Coinbase, a16z, Ripple, Chainlink, Kalshi, and Paradigm. In addition, the meeting will include the head of the president’s Digital Assets Council, Patrick Witt. The meeting is scheduled for Wednesday, and the next day Selig will hold an additional meeting with industry participants. They will discuss regulation of crypto assets, AI, and prediction markets.
At the same time, the U.S. banking regulator OCC has granted conditional approval for a banking license to WLF. This crypto company is directly connected to Trump and his family. The license will allow it to offer stablecoin services such as redemption, transfers, as well as custody and conversion. In addition, it intends to serve institutional clients as a market maker and investment firm. WLF operates the USD1 stablecoin, which has a market capitalization of $4 billion.