White House stablecoin yield meeting makes progress, banks consider reward exemptions for the first time

According to ChainCatcher, as disclosed by Eleanor Terrett, although the follow-up meeting on stablecoin yield issues convened by the White House did not reach a final compromise, the discussions between both parties have become more in-depth.

According to participants, the banking side expressed for the first time a willingness to consider "any proposed exemptions," which is seen as a significant concession, as banks had previously firmly opposed any transaction-based reward exemptions. The focus of the meeting centered on the definition of "permissible activities," with crypto companies hoping for a broad definition, while banks advocated for stricter limitations.