Stablecoin Rules Take Shape as Crypto-Bank Talks Advance

Key Highlights:

• US banks and crypto firms sat together to talk about stablecoin regulations.
• The meeting was considered to be productive.
• Even though the meeting was productive, no conclusion has been reached yet.

A White House meeting was held on February 10, 2026 and according to a well-known crypto journalist Eleanor Terrett, this meeting showed progress in talks between US banks and the crypto industry about stablecoins. Banks want strict rules that limit how stablecoins can offer rewards or yields, while crypto companies are asking for more of flexibility so that they can innovate within the space, even though the meeting was held but both the parties have not come to a conclusion yet.

Meeting Highlights

The follow-up meeting was led by Patrick Witt from the President’s Crypto Council and included Senate Banking Committee staff along with major names from both the crypto and banking worlds. Crypto companies like Coinbase, Ripple, a16z, Paxos, and the Blockchain Association took part while big banks such as JPMorgan, Goldman Sachs, Bank of America, Citi, Wells Fargo and others were also present.

Both the sides called the talk to be productive and went deeper into the details of a possible deal. Ripple’s top lawyer, Stuart Alderoty, said a compromise now seems to be likely.

Bank’s Prohibition Principles

Banks came to the meeting with a written plan that would ban most ways of earning rewards or yields from stablecoins. They want to stop payouts just for holding, using, storing or keeping stablecoins and they do not want fixed or variable interest-like returns. They also want to prevent related companies from offering such rewards.

However, later on, banks showed some flexibility for the first time. During the meeting, they said that they may allow limited rewards linked only to transactions, if regulators approve them. They also stressed that any exception that is made must get full regulatory clearance and it cannot be marketed as a way to bypass the rules. Moreover, banks also want to block tokenized bank deposits that look or act like stablecoins.

Next Steps and Context

More discussions are planned in the future as the White House wants to reach to a decision by March 1, 2026. The goal here is to move forward with the crypto laws like the CLARITY Act, which have been stuck for months now. Banks are worried that if stablecoins offer yields, people will move all their money out of bank deposits and move into the crypto world.

US crypto-banking talks are showing progress as regulators, banks and crypto firms search for common ground on stablecoins rules. While concerns over yield-bearing stablecoins remain, signs of compromise have come up.

Also Read: Clarity Act Advances as Fed Leadership Uncertainty Hits Crypto