🇺🇸 The White House failed to reach agreement on stablecoin yields Crypto businesses and the largest U.S. banks held a closed-door meeting at the White House focused on the issue of yield generation on stablecoins. The parties did not reach a compromise, once again stalling progress on a bill to regulate the crypto market in the United States. Banks advocated for an effective ban on any form of yield or incentives associated with holding and using stablecoins. A document leaked to the media proposes a complete prohibition on paying interest on stablecoins in any form, along with strict monitoring measures and enforcement against attempts to circumvent the restrictions. Representatives of crypto companies strongly opposed the banks’ proposals, and the meeting ended without an agreed decision. Participants in the talks included Ripple, Coinbase, industry crypto associations, and major banks such as Goldman Sachs, Citi, and JPMorgan.