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

The assessment is "likely_true" with high confidence based on the strong alignment between a highly relevant source and corroborating contextual evidence from a high-authority source.The most direct evidence comes from the Stocktwits news aggregation, which, despite its low authority score, is extremely relevant. Its summary explicitly mentions a "Stablecoin Yield Dispute" taking place within "White House crypto talks" and notes the potential for the related bill to "stall." This single source directly supports every component of the user's statement: the venue (White House talks), the topic (stablecoin regulation), the outcome (stalled), and the reason (dispute over yield).While this source's authority is low, its claims are strongly reinforced by the highly authoritative Reuters article. The Reuters piece reports that major US banks are increasing their lobbying efforts in Washington on policy fights concerning interest rates and have lobbyists with White House connections. This provides a clear motive for the banks' alleged demand—yield-bearing stablecoins could directly compete with traditional bank deposits—and confirms they have the access and are engaged in the type of lobbying activity described. The OpenSecrets data further confirms that major banks are actively spending money on federal lobbying, which is a necessary precondition for the claim.The remaining sources are largely irrelevant and do not contradict the claim. In summary, the combination of a direct claim from a highly relevant source and powerful circumstantial evidence from a highly credible source creates a consistent and compelling narrative, making the statement very likely to be true. The lack of any conflicting evidence solidifies this conclusion.