White House Holds Key Talks on Stablecoin Yield Rules

• White House hosts Feb. 10 meeting to resolve stablecoin yield dispute.
• Senate lawmakers say crypto market structure bill could advance this year.
• Banks oppose yield-bearing stablecoins over concerns of deposit outflows.

The White House is scheduled to hold a second meeting on Tuesday afternoon (Feb 10) with representatives from the cryptocurrency and banking industries, aiming to resolve one of the most contentious issues in the proposed U.S. crypto market structure legislation: whether stablecoin holders should be allowed to earn yield.

According to sources familiar with the plans, the gathering, similar to last week’s initial meeting, will not include company chief executives but will bring together senior policy staff from major banks and crypto-sector representatives. 

Invitations have reportedly been sent to leading financial institutions, including Bank of America, JPMorgan, and Wells Fargo, with other large banks such as Citi, PNC, and U.S. Bank also expected to participate.

Why the February 10 Meeting Matters

The upcoming White House meeting is seen as a pivotal moment. If policymakers and industry leaders reach a compromise on stablecoin yield rules, Senate deliberations could resume quickly, paving the way for final votes and reconciliation between House and Senate versions of the legislation.

If talks fail, the bill could face further delays, particularly as the United States approaches the 2026 midterm election cycle, when legislative priorities often shift. Continued delays would prolong regulatory uncertainty for cryptocurrency exchanges, payment firms, and decentralized finance platforms awaiting clearer federal guidance.

Traditional banks have expressed strong opposition to yield-bearing stablecoins. Treasury Secretary Scott Bessent said, “Look, I’ve been a champion of these small banks, and deposit volatility is very undesirable…We will continue to work to make sure there is no deposit volatility associated with [the payment of yield on stablecoins].”

Lawmakers See Momentum Despite Disagreements

Senate Agriculture Committee Chairman John Boozman said he remains optimistic that lawmakers can reach an agreement on crypto market structure legislation, possibly within the year, even after some Democrats withdrew support for the version recently advanced by his committee. 

Boozman said recent committee action demonstrated that negotiations are making progress and that lawmakers are continuing to work toward a bipartisan solution.

Political and Legislative Timeline

President Donald Trump said during remarks at the World Economic Forum that he hopes to sign comprehensive crypto legislation once Congress completes its work, though the bill is still under negotiation and has not yet been approved in final form.

Prediction markets currently estimate a roughly 56% chance that the CLARITY Act or similar market structure legislation could be enacted in 2026, showing expectations that negotiations may continue through the year.

Related: White House To Schedule Stablecoin Talks on Tuesday Including Bank Representative