White House Stablecoin Talks Stall as Banks Demand Ban on Yield (interest-like rewards)

On February 10, the White House convened a second closed-door meeting with representatives from Ripple, Coinbase, Goldman Sachs, and JPMorgan to discuss stablecoin yield regulations. Participants described the talks as productive but confirmed that no agreement was reached. The continued impasse, centered on banks’ push to restrict interest-like rewards on stablecoins, has stalled progress on the broader crypto market structure bill. Earlier discussions had set a March 1 target for a compromise, but negotiations remain unresolved.

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