White House Meeting on Stablecoin Yields Ends Without Agreement

TLDR Banks and crypto firms failed to reach a resolution on stablecoin rewards during a White House meeting. Banking representatives presented strict “prohibition principles” outlining their stance on stablecoin rewards. A shift occurred when banks allowed for potential exemptions related to transaction-based rewards. Crypto representatives pushed for broader definitions of permissible activities for stablecoin rewards. [...]

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