The White House hosted a high-stakes closed-door meeting today (February 10, 2026) with major banks (including JPMorgan, Bank of America, and Wells Fargo) and crypto industry leaders (from Coinbase, Ripple, Circle, and others) to resolve a key deadlock in U.S. crypto regulation.
The main focus was the ongoing dispute over stablecoin yields—whether issuers like USDC or USDT should be allowed to pay interest or rewards to holders from reserve earnings. Banks oppose this, fearing it could pull deposits away from traditional accounts and disrupt the financial system. Crypto firms argue it's essential for innovation and user attraction.
This follows a February 2 meeting that ended without agreement. Today's session aimed to broker a compromise to unblock the CLARITY Act (a broad crypto market structure bill stalled in the Senate over this issue). The White House has reportedly set an end-of-February deadline for progress, with officials pushing for a deal to advance landmark legislation and position the U.S. as a leader in digital assets.
No final outcome has been announced yet, but a breakthrough could ease regulatory uncertainty and boost stablecoin adoption—while restrictions on yields might limit certain products. Markets remain watchful amid the talks.
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