Negotiations around the Clarity Act are experiencing significant difficulties, with a banking source indicating that the chances of passage are now at 20% or less. The White House had hoped for a resolution regarding stablecoin yield by early March, but persistent disagreements between crypto and banking lobbies over these provisions are stalling progress. The source highlighted that a compromise is necessary, particularly noting that Coinbase CEO Brian Armstrong’s firm stance on stablecoin yields is seen as a complicating factor in moving the bill forward.
White House stablecoin yield bill unlikely to pass March deadline
