Crypto companies are pitching new concessions to banks in an effort to keep a sweeping digital-asset market-structure bill moving in the Senate, with proposals that would give community banks a larger role in the stablecoin ecosystem, Bloomberg reported.

According to people familiar with the private discussions, crypto firms have floated ideas such as requiring stablecoin issuers to hold a portion of their reserves at community banks and making it easier for community banks to issue stablecoins themselves through partnerships, the news outlet said. 

The overtures underscore the urgency around legislation that cleared the House of Representatives last year but has since slowed in the Senate amid disagreements between crypto and banking interests, Bloombergreported.

One of the central disputes involves whether crypto trading platforms should be able to reward users for holding stablecoins. Banks view such arrangements as a potential threat to traditional deposit accounts, arguing they could lure idle cash away from checking and savings accounts, Bloomberg said. 

The negotiations have drawn in the Trump administration, which convened a meeting at the White House on Monday between crypto and banking trade groups. The meeting ended without an agreement, Bloomberg reported.

Read more at Bloomberg