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Latest White House talks on stablecoin yield make 'progress' with banks, no deal yet
White House meeting with crypto and banking leaders advanced talks on stablecoin yield rules, a key issue blocking U.S. digital asset legislation, but no final deal was reached.
- On Thursday, the White House hosted crypto insiders and bankers, making more progress but no compromise on U.S. digital assets legislation in an ongoing series of talks.
- The Clarity Act is the crypto industry's top priority, with an earlier compromise proposing to forgo rewards on static stablecoin holdings while keeping transactional incentives, but disagreements persist.
- Meeting logistics included bankers arriving with a principles document that shut out compromise, and Thursday's discussion ran well beyond the two-hour schedule as White House officials collected participants' phones.
- Many Democrats remain, and the Senate needs a hearing before legislation can advance, so no deal is imminent, people briefed on the talks said.
- Resolution will determine whether stablecoins can offer yield, impacting Coinbase, while once U.S. regulations are set, the sector expects a surge and urges filling CFTC and SEC vacancies.
23 Articles
23 Articles
Another White House Round Ends in Deadlock Over Stablecoin Yield Rules
TL;DR: Stablecoins and the debate over their yields have left the CLARITY Act stalled after a third round of negotiations at the White House. Banks demand strict restrictions on interest-like payments tied to stablecoins, while the crypto industry defends them as key to adoption. Without an agreement, crypto firms risk moving their operations to jurisdictions with clearer rules, weakening the influence of the digital dollar. The White House hel…
White House Steps Into Stablecoin Yield Talks as Banks and Crypto Firms Battle Over Rewards
The White House steps into stablecoin yield talks and reshapes the crypto market structure debate. Draft rules limit rewards on idle balances and link stablecoin yield to transaction activity. Banks warn stablecoin yield could challenge deposits as regulators draft strict penalties. The White House has stepped into negotiations over stablecoin yield, shifting the balance in talks around the broader crypto market structure bill. Journalist Eleano…
White House proposes limiting stablecoins rewards exclusively to transactions ignoring passive balances - The Cryptocurrency Post
During the third technical roundtable held this Thursday between lobbyists and regulators, advisor Patrick Witt refocused the legislative discussion toward a conditional incentive model, according to reports from Semafor journalists. The proposal aims to mitigate systemic risk over bank deposits which, according to Treasury risk analysis, could suffer massive migration if unrestricted passive yields are permitted, a central concern documented in…
Ripple CEO Garlinghouse Predicts CLARITY Bill Has 90% Chance of Approval Soon
Ripple chief executive Brad Garlinghouse said he now sees a 90% chance that the CLARITY Act will become law by April 2026. He described the outlook as stronger than before, citing steady legislative progress in Washington. According to the CEO, the improved odds reflect recent engagement between lawmakers, the White House, crypto firms, and banking representatives. He noted that discussions have shifted from broad disagreements to resolving spec…
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