Major US banks and representatives from the cryptocurrency sector met at the White House to discuss the regulation of yield payments on stablecoins. Both sides described the discussions as productive and constructive. However, fundamental disagreements regarding yield on stablecoin balances remained unresolved, and no agreement was reached.

The traditional banking sector argued that yield mechanisms offered on stablecoins could divert deposit flow away from the banking system, negatively impacting local lending and financial stability. Therefore, the banks presented a document containing strict principles that would broadly prohibit yield payments.
Cryptocurrency sector representatives, on the other hand, emphasized that prohibiting yield payments would hinder the development of innovative financial products, restrict user choices, and damage competition.
Following this second round of talks organized by the White House, the issue is expected to be taken to Congress for negotiations under the Clarity Act and continue to be addressed in the legislative agenda in the coming period. It is stated that intensive efforts will be made to ensure that the dialogue between the parties results in a concrete agreement by the beginning of March.
#WhiteHouseTalksStablecoinYields