
White House-led talks with top crypto firms and industry groups focused on banning yield on idle stablecoin balances, as policy divisions slow U.S. digital asset legislation.
On February 20, the White House hosted its third CLARITY Act meeting on stablecoin yield issues, attended by representatives from Coinbase, Ripple, a16z, and industry groups, but without direct bank participation. Discussions centered on prohibiting yield for idle stablecoin balances and potential enforcement measures. The smaller session compared to last week reflects continued policy disagreements that have stalled the Digital Asset Market Clarity Act.