🏛️💵 STABLECOIN YIELD TALKS CONTINUE - MARCH 1 DEADLINE NOT FINAL
Yesterday's FUD? Exaggerated. Here's the real story. 👇
📢 WHAT HAPPENED:
Anonymous source claimed stablecoin yield negotiations were "bleak" and hitting walls.
TODAY'S REALITY:
• Banking industry representatives (ABA, ICBA, Bank Policy Institute) are "confused" by the anonymous take
• They've communicated their position to the White House
• Negotiations continue on text details
• March 1 deadline is NOT binding
🗣️ BANKING SOURCE:
"They don't understand why someone would describe the situation in such 'nihilistic' terms. Negotiations are ongoing."
💡 WHAT'S AT STAKE:
The GENIUS Act stablecoin framework:
• 1:1 reserve requirements
• Yield payments? Still being debated
• State vs federal jurisdiction
👇 YOUR TAKE:
🙏 = Deal gets done
🤔 = Deadlock continues
💀 = No stablecoin bill this year
#stablecoin #GENIUSAct #CryptoRegulationUpdate #BinanceSquareActions