🔥🔥🔥The crypto business and the largest banks in the USA held a closed meeting at the White House regarding the issue of income accrual on stablecoins, reports The Block. The parties did not reach a compromise, which once again stalled the progress of the bill on regulating the crypto market in the USA.
At the meeting, banks advocated for an effective ban on any forms of income or incentives related to the storage and use of stablecoins. The document that got into the media proposes a complete ban on interest accrual on them in any form, with strict control measures and counteraction against circumvention of restrictions.😱😱😱.
Representatives of crypto companies strongly opposed the banks' proposals, and the meeting ended without an agreed decision. Participants in the negotiations included Ripple, Coinbase, relevant associations, and the largest banks, including Goldman Sachs, Citi, and JPMorgan.
