New: At the White House meeting today between crypto and bank reps, WH gave a deadline of end of Feb to reach a deal on stablecoin yield, sources familiar said.
Hard to see how the market structure bill could have a chance of passing this year if the issue isn't resolved by then.
There will be future meetings, which will be smaller. Banks are pretty adamant about "closing the loophole", though, aka preventing companies like Coinbase from offering users rewards on stablecoin holdings. And Coinbase hasn't shifted on its insistence that it should be able to.
Hard to see how the market structure bill could have a chance of passing this year if the issue isn't resolved by then.
There will be future meetings, which will be smaller. Banks are pretty adamant about "closing the loophole", though, aka preventing companies like Coinbase from offering users rewards on stablecoin holdings. And Coinbase hasn't shifted on its insistence that it should be able to.
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