WHITE HOUSE STABLECOIN MEETING ENDS WITHOUT A DEAL. $ZRO $NIL

No agreement was reached after the closed door meeting between banks and crypto firms on stablecoin yield rules. $STG

Banks came in with written prohibition principles, pushing for a near total ban on rewards tied to holding, using, or storing stablecoins.

Their core argument: yield on stablecoins could pull deposits out of traditional banks and hurt lending.

Crypto firms pushed back, saying rewards and incentives are basic platform features and banning them protects banks, not consumers.

There was only one small shift: banks showed limited openness to exceptions if rewards are tied strictly to transactions.

The White House is now pushing both sides to finalize compromise language by March 1st.

Talks will continue, but for now, the biggest blocker to U.S. crypto market structure is still unresolved.