At a recent White House-led meeting focused on stablecoin yield, banking and cryptocurrency representatives found the discussions productive, despite not reaching a final compromise. Chief Legal Officer at Ripple, @s_alderoty, noted a sense of compromise, as banks presented written ‘prohibition principles’ suggesting potential exemptions for transaction-based rewards—a notable shift from their earlier positions. Crypto representatives, including influential figures from Coinbase and the Blockchain Association, emphasized the need for broader definitions of permissible activities. The meeting, which was smaller than its predecessor, was part of a series of discussions encouraged by the White House, with a resolution sought by March 1st.
White House stablecoin meeting yields detailed discussion but no compromise
