🚨 WHITE HOUSE STABLECOIN MEETING ENDS WITH NO DEAL

The closed‑door meeting between U.S. banks and crypto firms over stablecoin yield rules ended without an agreement.

Banks pushed for a near‑total ban on rewards tied to holding, using, or storing stablecoins. Their argument: yield on stablecoins could drain deposits from traditional banks and weaken lending.

Crypto companies pushed back, saying rewards and incentives are basic platform features — and banning them would protect banks, not consumers.

There was one small shift:

Banks showed limited openness to allowing rewards only if they are tied strictly to transaction activity, not holding.

The White House has now told both sides to return with compromise language before March 1st.
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