Banking industry insiders refute anonymous claims: Stablecoin yield negotiations are still ongoing, and March 1 is not the final deadline.

SmartContractAuditor · 2026-02-28T01:10:02+00:00

Cryptocurrency industry professionals publicly defend Patrick Witt and the White House against a pessimistic outlook on stablecoin yield negotiations. A banking industry insider stated that representatives attending the White House meeting expressed skepticism about anonymous messages and provided related information, indicating that negotiations are still ongoing and that March 1 is not the final deadline.

SmartContractAuditor

2026-02-28 01:10:02

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Odaily Planet Daily reports that crypto journalist Eleanor Terrett stated that after anonymous sources claimed the outlook for stablecoin yield negotiations was pessimistic, several industry insiders publicly defended Patrick Witt and the White House stance.

A banking industry insider directly familiar with the negotiations said that representatives from ABABankers, ICBA, and the Bank Policy Institute who attended the White House meeting last week were confused by the related statements and did not agree with the anonymous sources’ views. They have also provided feedback to the White House.

The insider also mentioned that both sides are still in ongoing discussions about the bill text, and the March 1 deadline is not a decisive cutoff date.

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