🧵 #WhiteHouseTalksStablecoinYields Update 🇺🇸

The White House is hosting high-stakes negotiations between U.S. banks and cryptocurrency firms on whether stablecoin holders should be allowed to earn yield or rewards. These talks are part of broader efforts to finalize key digital asset legislation like the CLARITY Act.
💥 The core issue:
🔹 Banks are pushing for strict limits or even a ban on yield-bearing stablecoin products, arguing they could divert deposits from traditional banks and pose financial risks.
🔹 Crypto firms insist that yield and rewards are vital for modern digital finance and should not be restricted.
📅 Recent meetings:
✔️ Discussions have been described as “productive.”
❌ No agreement yet — disagreements over yield remain a major sticking point.
⚖️ Why it matters:
The outcome will shape how stablecoins — digital currencies pegged to the U.S. dollar — can be used and regulated in the future, and it is delaying broader crypto policy legislation in Washington.
#crypto #stablecoins #regulation #CLARITYAct