Bankers and cryptocurrency policy experts met again at the White House to test whether the third attempt could yield a compromise on stablecoin yields. The discussions were described as progress, though no significant accord has yet been announced. The meetings have sought to pierce the impasse surrounding the market structure bill, with the focus on how stablecoins may reward holders. Despite some progress, negotiators have not yet secured a final deal, and lawmakers face an uphill path to enactment given partisan divisions.
White House officials reportedly pressed participants to stay beyond the scheduled two-hour session to push toward common ground, including measures like phone removals to facilitate continued dialogue. The central issue remains whether stablecoins should be able to offer yield—and whether any rewards should be banned or allowed only in restricted contexts. Even with a potential agreement on yields, passage in Congress would require broad Democratic support, and negotiators have tied broader governance demands to any final package. The discussions touched on GENIUS Act provisions, calls to appoint regulatory commissioners, and stricter controls on illicit finance, underscoring the broader policy battle over the future framework for U.S. crypto markets.
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