White House considers new talks with crypto companies, banks on stablecoin yields


The White House is considering another meeting with crypto and banking leaders to address stablecoin yield regulations, which could happen as early as Thursday, according to Crypto in America’s Eleanor Tellet.

A final decision on the gathering has not yet been made and will continue negotiations aimed at resolving conflicts that have stalled the CLARITY Act, a key cryptocurrency market structure bill in Congress.

At the heart of the debate is whether crypto platforms should be allowed to offer interest on stablecoin holdings, which banks argue could drive away deposits and worsen competition.

To address the issue, the White House held two meetings with banks and crypto companies earlier this month, but the two sides were unable to reach a consensus.

The administration has set a late February deadline to broker a compromise before interim considerations complicate the legislative timeline.





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