Banks Push for Stricter Controls on Stablecoin Yields in White House Talks
The recent White House discussions concluded without resolution as banks insist on stricter regulations for stablecoin rewards, exceeding previous draft proposals.
Discussions at the White House have ended without reaching an agreement, as banking institutions remain firm in their stance for more stringent regulations on stablecoin yields. The financial sector is advocating for tighter constraints than those included in the most recent draft of the legislation.